Thailand Floods: Toyota will restart production in Thai on Nov 21 image

Toyota Motor Corp. said Wednesday that will resume production at the carmaker’s three factories in Thailand on Nov. 21. The flooding has affected suppliers of its car parts.

“Toyota is not considering shrinking its operations here. If anything, we would expand,” the statement cited company president Akio Toyoda as saying.

The largest Japanese automaker on Tuesday withdrew its annual profit guidance as Thai floods threaten output.

For the United States, onWednesday the automaker has issued the following statement:

Based on parts availability, daily production continues for North American vehicle plants and we return to planned overtime production for the week of November 14.

Saturday, November 19 production is scheduled for our Indiana and Canada vehicle plants.

The situation in Thailand continues to be dynamic and we will continue to adjust production as necessary.

Globally, Toyota’s vehicle sales, including those of Hino and Daihatsu fell 5 percent to 2.06 million in the latest quarter, according to the company.

The automaker has told its parts suppliers it aims to return to normal production levels in Japan in early 2012, Reuters reports.

“If the Thai floods continue to reduce production for three months, Toyota’s operating profit may be cut by 200 billion yen,” said Koji Endo, an auto analyst at Advanced Research Japan.