After the March earthquake in Japan, Toyota and Honda and other car firms started production back to work, but the recent floods parts supply shortages in Thailand, so Thailand production plant overdrive recovery plan ran aground in December this year is expected to be difficult recovery period as originally production capacity, while native plants in Thailand or the second half of next year before being returned to normal operation.
Toyota plans further production cuts of its factories in Japan the third week, while North American plant for the second consecutive week of overtime to stop running. The Honda plant in North America canceled overtime, daily production capacity cut by 50% capacity utilization, and production will be maintained until at least after this week assess the parts inventory. Federation of Automotive Industry Club of Thailand (FederationofThaiIndustries'AutomotiveClub) news, car prices at the factory in Thailand may be suspended to 12 months.
IHSGlobalAutomotive analyst JessadaThongpak has revealed Luojia Na Ayutthaya in Thailand Industrial Park (RojanaAyutthayaindustrialPark) of the two Honda plants from October 6 onwards incurs flooded. It said: "The two plants may need to complete the reconstruction of the second half of 2012 to resume work." Current Toyota and Honda are to some extent dependent on the production of electronic components factory in Thailand and plastic / rubber parts.
IHSAutomotive and other agencies believe that Thailand is the second flood on March 11 earthquake and tsunami, the Japanese auto industry suffered the greatest disaster.
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