Toyota Stops Overtime Production due to Thailand Flood, Auto Parts Shortage
Mother Nature has not been kind to the Japanese automakers. First there were the earthquake and tsunami back in March, which devastated production for months. Then a recent typhoon slapped Tokyo and forced Toyota and Nissan to close some factories while Honda changed shift hours. Now another natural catastrophe is impeding the automakers' recovery, though not from the homeland. Thailand has been suffering severe floods since the end of August which have claimed hundreds of lives and slowed production across a whole slew of industries including auto parts manufacturing. Toyota announced today that it will cancel overtime hours at several of its Japanese plants this week (October 24th - 28th) due to a shortage parts from the land of smiles. The automaker has not stated if production of its U.S. plants will be affected as well.Source: Reuters
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