Toyota output may fall by 40,000 cars on power shortage
IndustryMar 15, 2011
Toyota Motor Corp., the world’s largest carmaker, may lose output of at least 40,000 vehicles after Japan’s strongest earthquake damaged factories and crippled nuclear power plants, causing electricity shortages. Toyota closed 12 plants in the nation through Wednesday, Shiori Hashimoto, a spokeswoman for the company, said by phone Monday. The manufacturer’s profit will be cut by 6 billion yen ($72