Toyota Plants in Japan Closed Through March 26

FOXBusiness

Toyota Motor (NYSE:TM) said Tuesday it will keep all 12 of its assembly plants in Japan closed through at least March 26 as it struggles to get back on its feet following the country's catastrophic earthquake and tsunami.

The world’s largest automaker halted vehicle production at the plants on March 14, including those of its subsidiary manufacturers. A decision about when vehicle production will resume in the island nation has yet to be made.

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Production of replacement parts, however, resumed on March 17 for vehicles already on the market. On Monday it resumed production of parts for vehicles in overseas markets.

The impact on its North American operations so far remains limited, with all 13 vehicle and engine plants in the region running normally, though overtime has been curtailed to conserve parts that come from suppliers in Japan.

In a statement, Toyota said inventories at U.S. dealerships remain “generally good.”

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