27 May '11, 9am

Toyota and Honda global output halves in April after quake

TOKYO (Reuters) - Production at Toyota Motor Corp and Honda Motor Co is likely to recover more quickly than initially feared after Japan's massive earthquake wreaked havoc with their supply chains and halved output in April. Japanese automakers have been plagued by shortages of hundreds of components after a magnitude 9.0 earthquake and tsunami damaged factories in Japan's northeast, and have said they expect to lose significant share in some markets as a result. But their public predictions of a recovery to pre-quake production levels late this year are increasingly seen as conservative. "April is likely to be the bottom and we might see back-to-normal production levels in July or August," said Yoshihiko Tabei, chief analyst at Kazaka Securities. "Some parts suppliers say they are resuming full production in June in time for automakers' summer operations. And the widely a...

Full article: http://sg.news.yahoo.com/toyota-honda-global-output-halve...

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