Toyota Motor Engineering and Manufacturing North America said it will increase production earlier than expected following the March 11 earthquake and tsunami in Japan.
“Beginning in June, overall North American production will reach approximately 70 percent of normal levels, up from approximately 30 percent in May,” Toyota said in a statement. “The improvement in parts availability from Japan is the result of countermeasure activities implemented by affected suppliers.”
The Japanese automaker said it will continue to evaluate production model-by-model on a monthly basis, with a goal to return to fully normalized production by end of 2011.
Models that will return to 100 percent production in June include the Toyota Avalon, Camry, Corolla, Highlander, Matrix, Sequoia, Sienna and Venza.
Toyota announced this morning that its fourth-quarter profit fell 77 percent as a result of the March 11 earthquake in Japan.
– By: Omar Rana