Sony Shuts More Plants, Toyota Extends Halts as Recession Looms
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Sony Corp. shut five more plants and Toyota Motor Corp. extended production halts, 11 days after an earthquake and tsunami brought scores of Japanese factories to a standstill and threatened to spark a recession.
Sony, Japan’s biggest exporter of consumer electronics, suspended some work at five plants in the central and southern regions until March 31 because of trouble getting supplies after power outages, the Tokyo-based company said in a statement yesterday. Toyota, the world’s biggest carmaker, said yesterday all domestic car-assembly will be stopped until March 26, while Honda Motor Co. also extended closures.