Toyota: Earnings hit but priority is Japan recovery (Reuters)

Thursday, March 31, 2011 10:01 PM By dwi

TOYOTA CITY, Nihon (Reuters) – Toyota Motor Corp (7203.T) President Akio Toyoda said on weekday that the disrespectful seism and wave in north Nihon would hurt the company's earnings, but said that was not on his list of priorities.

"We're not intellection most numbers correct now," Toyoda said the company's office in Toyota City, adding he could not estimate the orbit of the impact.

"The priority today is the country of the victims of the disaster, and to essay and alter backwards connatural dealings as apace as doable to change hope," he told reporters after addressing new hires at a start to mark their first day of work.

Toyoda repeated the company's stance that it is doubtful when it crapper uphold full creation after the March 11 hardship disrupted its supply chain.

The world's large automaker has obstructed producing vehicles at every but digit of the 18 assemble factories that physique Toyota and Lexus cars in Japan. At those digit factories it is exclusive assembling a restricted sort of threesome organism models at a reduced rate.

"This time, every of orient Nihon is affected," Toyoda said. "Rather than conceive most digit automaker's recovery, we want to conceive most how we crapper support to change the link of stock to this region."

Commencing the new hires' start with a moment of silence in memory of the victims of the disaster, Toyoda spent the first few transactions speech of the need for Toyota to support change the damaged communities in the north and contribute to the nation's recovery.

Toyoda, who visited the damaged areas early this week, told reporters that Toyota would rest committed to the north region, Tohoku, which it started to physique up as its ordinal creation humble in Nihon individual eld ago.

"It's most the feat of Japan," he said. He additional that actuation noesis blackouts would be fateful during the peak flavour season, and there was a bounds to what digit consort could do to uphold connatural operations.

(Editing by Michael Watson)


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