Wednesday, April 13, 2011

Toyota (TM) Production Stopped at Five European Plants

Production at five plants in Europe will be halted by Toyota Motor (NYSE:TM) for several days in April in May based on a shortage of supplies from the earthquake in Japan.

According to Toyota, its Burnaston and Deeside plants in Britain, sites in Adapazari in Turkey, Valenciennes in France and Jelcz-Laskowice in Poland will close on April 21, 22, from April 25 to 29 and on May 2.

"Even if the supply chain has not yet been interrupted, short-term parts shortages are foreseeable," the company said,

This is probably one of the more benign effects on a market from the parts shortage fallout for Toyota and other Japanese auto makers, as Toyota has only a 4 percent market share in Europe, while Nissan has under 3 percent.

Expectations are things will get worse before they get better though.

Toyota Motor was trading at $77.96, up $0.76, or 0.98 percent, as of 9:58 AM EDT.

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