Recovery in Toyota's N. American Production Supports Stock

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Toyota Motor Corporation (NYSE:TM) announced that it expects its North American production to recover quickly from the auto-parts supply shock, following the tragic Japan earthquake. Toyota sells its vehicles mainly under three brands: Toyota, Lexus and Scion and competes globally with automakers like BMW (GR:BMW), GM ( GM ), Ford ( F ), Honda (NYSE:HMC), Daimler (ETR:DAI) and others.

The effects of the auto-parts supply shock was alleviated due to counter-measures adopted by affected suppliers to restore production. Toyota expects its overall vehicle production in NA to reach 70% in June, up from 30% in May. This should help bolster Toyota's stock because it will help the company curtail its recent sales losses and market share declines in North America. Toyota's daily selling rate in US had declined by 9.2% in March 2011 and by 2.4% in April 2011.

See our full analysis for Toyota.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks , US Markets

Referenced Stocks: F , GM

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