Wednesday, April 13, 2011

Toyota to Halt European Production Due to Disruption of Parts Supply

The Bernank must be rejoicing reading this headline..he prays the Euro will sell off and the dollar catches a bid to stop its current rout.  If the dollar could catch a bid everything would be just peachy in Fedville.. now that Goldman temporarily solved their bond market troubles today by talking down commodities. 

From Kyodo

NEW YORK, April 12, Kyodo
Toyota Motor Corp. will halt manufacturing operations at five factories in Europe for several days in April through May due to disruptions in parts supply caused by the March 11 mega earthquake-tsunami disaster in Japan, the company said Tuesday.


The automaker has already said it will suspend all output operations at most of its 14 North American factories for four to five weekdays later this month.
As inventories of Japanese-made parts have declined, the automaker appears to be facing difficulties continuing production. Output suspensions may expand to factories in other areas as Japanese parts producers continue to struggle to recover from the disaster, observers said.