In a warning message sent to auto dealers, Toyota (NYSE:TM) said it expects there to be car shortages in the summer months, citing consequences from the earthquake in Japan, which could limit shipments.
In a memo recently sent to dealers, the company said the amount of supply could be "significantly impacted" from recent events.
The company said they're still going researching the circumstances to make a determination on what production levels for May, June and July will be.
Major competitors like Ford Motor (NYSE:F), General Motors (NYSE:GM) and Honda (NYSE:HMC) have all been impacted by the disaster in Japan, and there remains a lot of questions for those company as well, although Japanese companies are expected to incur the most impact.
Toyota was trading at $77.30, gaining $0.80, or 1.05 percent, as of 1:46 PM EDT.
Tuesday, April 12, 2011
Toyota (TM) Warns of Summer Car Shortages
Labels:
Ford Motor,
General Motors,
Honda,
Japan Earthquake,
Toyota
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