Thai flooding deals automakers new blow
Oct 31, 2011 | 05:02 PM
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Tags
Thailand,
flooding,
Toyota,
Honda,
production curtailments
CHICAGO — Japanese auto brands had already faced tough times this year due to the March earthquake and tsunami in Japan. Now, historic flooding in Thailand is forcing automakers to halt production once again.
The spring disaster in Japan shut down production there, halting the flow of parts to assembly operations worldwide and leading to weak sales in North America due to low vehicle inventories. Now, as Thailand faces its worst flooding in 50 years, production of Toyota, Lexus and Honda models in both Thailand and Japan....
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