Toyota To Have Production Loss Of About 40,000 Vehicles Because Of Japan Earthquake

Japanese automotive company Toyota Motor Corp. is estimating that they will have a production loss of 40,000 vehicles due to the earthquake and tsunami that occurred in the Asian country. Toyota spokeswoman Shiori Hashimoto said that about 12 plants will remain closed until March 16. Toyota’s profit will most likely decline by 6% ($72 million) as a result. Goldman Sachs also predicts that Nissan and Honda will both loss about $24 million per day that they remain closed. [4WheelsNews]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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