Please learn the difference between its and it's.great news, the Japan earthquake did a lot of damage to the company but Toyota has been quick with getting back to it's regular production state.
it's been a rough year for them but their still going strong.
I clicked the link the OP posted but it took me to the main page of that website, here's what i found from another source, hope it helps.Can anyone post a brief synopsis of the article ?
For some reason it would not load on my comp ... thank you.
The president of Toyota Motor (7203.T) said on Saturday that he is the automaker production in the world at large in November and its Japanese release planned for this month again expected to be 90 percent again be observed before an earthquake in March
“We are restaurants (production) at high speeds despite continued aftershocks,” Akio Toyoda, grandson of the founder of the company, told reporters during a visit to South Korea.
“We expect our production to return to normal in November and again … The domestic production in Japan, we expect 90 percent of our normal production back this month, he said.
Toyota and its local competitors due to lack of hundreds of components to magnitude 9.0 earthquake and tsunami on 11 March damaged plants in northern Japan.
Toyota Production is back to a level before the earthquake faster than the company expected, with a performance in June to reach90 percent confirmed levels before the earthquake, a spokesman for the company on Wednesday.
The more optimistic compared with a forecast for production in the last month 70 percent back to normal.
The president said in April that a full recovery expected in November or December.
However, the total production in 2011 is nearly a million vehicles, less than Toyota had planned to build at the beginning of the year. The loss of production until the end of May was 900,000 cars.
Since Toyota made 38 percent of its cars in Japan compared to a small 25 percent of Nissan Motor
The President of South Korea has a small market for the automotive giant, visited to “promote the retailer,” said a Toyota representative of Korea, at a time when the automaker suffering from declining sales in the wake of the earthquake and a critical point.
Lexus Toyota sales fell 51 percent in April in South Korea a year ago, while sales of other Toyota vehicles slipped by 41 percent, although the market from imported vehicles by 14 percent in the head vehicle of German car manufacturer, according to data from the Korea Automobile Importers and Distributors Association.
Last year, Toyota sold a combined 10 486 Lexus and other models in the South Korean market, Hyundai Motor (005380.KS) and Kia Motors (000270.KS) dominates.
A lack of parts from disrupted supply chains means that it has lost ground in foreign markets. On June 2, Toyota said it sold 38,500 cars in China in May, 35 percent less than a year ago.
In the U.S., the largest overseas market, sales May 28 percent.
However, reported South Korean rival Hyundai Motor and Kia Motors of double-digit growth in sales and a record market share of handsets last month on the main market by their combined U.S. sales almost equal to that of Toyota
;.. (Edited by Robert Birsel Additional reporting by Tim Kelly in Tokyo)
Copyright 2010 Thomson Reuters