Thursday, May 12, 2011

Good News...Looks like by July Toyota Inventory will be back to normal levels!

Toyota Fast Facts is an update on Toyota and industry news.  Please feel free to share this information with family and friends.  For more news, visit www.toyotanewsroom.com.
1.   Toyota to Boost North American Production Earlier than Expected
Toyota Motor Engineering & Manufacturing North America, Inc. (TEMA) today announced it will boost production earlier than expected following the March 11 earthquake and tsunami in Japan.  Beginning in June, North American production will reach approximately 70 percent of normal levels, up from approximately 30 percent in May.

The improvement in parts availability from Japan is the result of countermeasure activities implemented by affected suppliers.  Toyota will continue to evaluate production model-by-model on a monthly basis, with a goal to return to fully normalized production by late this year.

Eight models will be returning to 100 percent production in June: Avalon, Camry, Corolla, Highlander, Matrix, Sequoia, Sienna and Venza.  

“Our team members and suppliers are working closely on countermeasure activity improve the parts condition from Japan.  We continue to develop solutions in order to restore 100 percent production as soon as possible for all of our North American-assembled vehicles,” said Steve St. Angelo, executive vice president of TEMA.  “We appreciate the patience of our customers and dealers.”

2.   Five Winners Selected in Toyota ‘Ideas for Good’ Challenge
Toyota Motor Sales today announced the five winners in its “Ideas for Good” initiative, a unique program that invited consumers to share their ideas on how to repurpose Toyota technologies beyond their automotive applications. The winning ideas, as determined by popular vote, will be brought to life with the help of Toyota, Carnegie Mellon University and Deeplocal experts during a rapid prototyping session in June.

The Ideas for Good initiative asked people to imagine new possibilities for five distinct Toyota technologies: Total HUman Model for Safety (T.H.U.M.S.),Solar Powered Ventilation System, Hybrid Synergy Drive (HSD), Advanced Parking Guidance System and Touch Tracer Display. More than 4,000 submissions were evaluated by a panel of independent judges. From there, the public voted online for its favorite idea from among five finalists in each category.

To see the five winning ideas, please visit www.toyota.com/ideasforgood or http://toyotanewsroom.com/releases/winners+ideas+for+good+may+2011.htm  

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