Toyota May Lose 500,000 Units of Output Post-Earthquake
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Toyota Motor Corp. may delay the production of at least 500,000 vehicles in Japan because of a shortage of parts and electricity after the nation’s record earthquake, said an analyst at Advanced Research Japan.
Toyota’s operating profit may be hurt by at least 100 billion yen ($1.2 billion) in the fiscal year ending today and up to 200 billion yen next fiscal year, said Koji Endo, an auto analyst at the research company. Any impact on production that spills overseas will further damp earnings, he said.