Toyota Motor Corp told its US dealers this week that the company had 45 days of inventory and was working hard to get the word out that it was "open for business." In a letter obtained by Reuters, US Toyota brand sales chief Bob Carter told dealers the company was in a "healthy position" as it moved toward a full production schedule.
The company recently announced that eight of its North American-built models, including the Camry and Corolla, would return to 100 percent production in June. "This is well ahead of our previously announced timeline of November/December," Carter said in the letter.
The earthquake that rocked north-eastern Japan on March 11 forced Toyota and other Japanese automakers to cut output at home and abroad as they struggled to secure vital auto parts. The subsequent nuclear disaster and power shortages further complicated problems. But Toyota has moved to restore production more quickly than many analysts expected. In the letter, Carter reiterated that the automaker's US production would be 70 percent of normal volume in June, up from 30 percent in May.
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