Skip to content

Car finance troubles for Toyota

Toyota has announced that the production cuts planned thanks to the horrific earthquakes and tsunami last month will continue until the end of the year. The problems are due to the factories struggling to reach normal production levels since the natural disasters.

Toyota has announced that the production cuts planned thanks to the horrific earthquakes and tsunami last month will continue until the end of the year. The problems are due to the factories struggling to reach normal production levels since the natural disasters.

It’s a car financial problem for Toyota, who along with Honda and other Japanese marques, is struggling to export parts to the UK and Europe.
 
Company president Akio Toyoda was quoted to say: "With this many aftershocks, including one last night, we've seen some of the recovery work thrown back to square one many, many times.

"In that sense it's difficult to say what the impact on production volumes or earnings will be. The future is impossible to predict."

Posted by on

Back to April 2011

Back to top