Thai Floods: Toyota almost back to normal in Japan; Thailand restart planned on Nov 21 image

Toyota Motor Corporation, on Friday announced that from November 21 through 25 vehicle plants in Japan will operate at near normal levels, including overtime.

In North America, daily production continues with a return to planned overtime production for the week of November 14.

A decision on production from November 28 onward will be made based on an assessment of the situation as it develops .

In addition the Japanese automaker said that its plants in Indonesia, the Philippines, Malaysia, Vietnam, and South Africa will adjust production hours for the week starting November 14. A decision on production from November 21 will be made based on an ongoing assessment of the situation.

Regarding Thailand, yesterday, Toyota Motor Thailand Co., Ltd. (TMT) announced that it would restart production on November 21. The company’s plant operations have been halted since October 10.

The largest Japanese automaker said it was too early to judge what impact the flood, which has resulted in lost production of 87,000 vehicles in Thailand through November 21 and 40,000 in Japan, would have on its earnings.

Toyota is bouncing back far more easily than it had from the March earthquake and tsunami, but the Thai floods have already cost Toyota 150,000 vehicles in lost production.