One bad news come on top of another making it like a falling cards circling around before it gets to the core. Worse will soon come to worst as the bad keeps coming to the worse counting each coming single day.
Now, Toyota to halt production in *Europe* and operate plants in *Britain, France, Poland and Turkey* at a reduced volume. The worse is now getting its way to Indonesia as it has already got as close as to *the Philippines*where they have said to suspend operation next week due to a shortage of parts. Toyota was last week threatened with a downgrade of its long-term credit rating by Moody's, one month after Standard & Poor's cut its rating. Courtesy of news from the Wall Street Journal and Associated Press, Wednesday, April 13, 2011, New York time. *Toyota To Halt Production In Europe* Japanese vehicle giant Toyota will temporarily halt production at five European plants for several days in April and May, due to a shortage of parts following the March 11 earthquake. The plants in Britain, France, Poland and Turkey would also operate at a reduced volume throughout May "in order to manage available parts supply", the company announced on Wednesday. Japan's leading vehicle makers have been forced to suspend production due to the impact of the huge earthquake and tsunami, with crucial supply chains broken and power cuts prompting plants to be shuttered. Toyota joins its Japanese rivals Nissan Motor and Honda Motor in cutting back output in Europe. The world's biggest vehicle maker said on Wednesday that three vehicle production plants - Burnaston in England, Adapazari in Turkey and Onnaing in France - would be affected by the latest production issues. Output at engine manufacturing facilities in Jelcz-Laskowice in Poland and in Deeside, Wales, will also be halted. Toyota said eight non-production dates between April 21 and May 2 have been scheduled, although this coincided with some previously planned public or company holidays at some facilities. "Even though most of our parts come from European suppliers, we are experiencing gaps in our supply chain due to the situation in Japan," Didier Leroy, president and CEO of Toyota Motor Europe said in a statement. "By adjusting our production in Europe, we are adapting to the current situation whilst not completely interrupting our deliveries of vehicles to our customers." Toyota has previously said it will suspend all output operations at most of its 14 North American factories for four to five weekdays later this month. It also said on Wednesday it would suspend operations in the Philippinesfrom Monday through Wednesday next week due to a shortage of parts, with Ford operations there also affected. Toyota last week said production at its factories in Japan would restart from April 18 until April 27 at 50 per cent of normal pace. The production halts have hit Toyota at a time when it was recovering from a recall crisis that brought the quality of its vehicles into question. Toyota was last week threatened with a downgrade of its long-term credit rating by Moody's, one month after Standard & Poor's cut its rating. '+'
