Toyota announces more production cuts at North American plants
Parts shortages from Japan continue as Toyota announces more production cuts - from the Associated Press:
Toyota is extending production cuts at its North American factories through May because of parts shortages from the March 11 earthquake and tsunami in Japan.
The company says production will be suspended in North America on Mondays and Fridays from April 26 through June 3. During the same period, plants will run at half capacity on Tuesdays, Wednesdays and Thursdays.
Toyota also said Tuesday that U.S. production will be suspended the week of May 30 after the Memorial Day holiday. Canadian production will be suspended the week of May 23 in conjunction with Victoria Day.
Plans after June 3 will be announced later. Toyota says no workers will be laid off.
The company last week announced Monday and Friday suspensions from April 15 to 25.
Detroit has the "Big Three," but Japan has the "Big Five" (Toyota, Nissan, Honda, Suzuki, and Mazda).
This info-graphic from the Globe and Mail captures how interconnected the Japanese auto economy is to the rest of the world.