Toyota Motor Corporation (TMC) said that production at its Japanese and overseas factories dropped 31% in March, the month of the devastating Japan earthquake and tsunami.
In Japan the impact was far worse as production dropped 62% for the month. Toyota exports more than 40% of its Japanese production. All Toyota Motor subsidiaries were negatively affected, including Toyota, Daihatsu, and Hino.
Toyota does not expect full vehicle production to resume until November or December of this year, with most plants operating at 50% or less of planned capacity as parts shortages and rolling blackouts in Japan impede recovery.
