Thai Floods Disrupting Japanese Car Production Worldwide: Cars
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Toyota Motor Corp.’s Thai managers are trusting that a two-meter-high cordon of sandbags will save their factories from floodwaters spilling out from Bangkok. It may be too late to rescue the company’s earnings forecast.
Floods in Thailand, the biggest Southeast Asian manufacturing hub for Japanese auto-related companies, have led to a shortage of parts and idled production of Prius hybrids and Camry sedans at Toyota’s plants southeast of Bangkok. That may lead the company to cut its full-year profit forecast when it announces second-quarter earnings Nov. 8, said Yuuki Sakurai, Tokyo-based president at Fukoku Capital Management.