Toyota Global Production Up For the First Time after the Earthquake image

Toyota Motor Corp. said Wednesday its global production rose for the first time in a year in August as Japanese automakers continued to recover from the March 11 earthquake and tsunami.

Total domestic production of cars, trucks and buses produced by Toyota and its two affiliates — Daihatsu Motor and Hino Motors — rose 12.0 percent from a year earlier to 311,153 vehicles.

Toyota resumed full production at all of its North American plants this month and said it will expand U.S. output of small engines.

“The bottleneck disruptions in the parts supply seem to be ending quicker than expected,” said Satoru Takada, an analyst at TIW Inc. in Tokyo. “Supply of parts, including microcontrollers, have normalized, helping Toyota’s production return to normal.”

In the April-July period, Japan’s overall auto output fell 34%, or 1.4 million vehicles, compared to the same period in the previous year.

Japanese carmakers still face big hurdles, however, beginning with a record-high yen that has eaten into repatriated profits from overseas operations and made building cars for export uneconomical.
The automaker plans to terminate exports of its Camry midsize sedan to North America and shift to local production to help offset the yen’s strength.