Toyota's Luxury Brand Lexus Behind Rivals Mercedes and BMW
Submitted by: Tradeintelligency
(OPENPRESS) April 20, 2011 -- The Japanese world's largest car maker Toyota reduces its production because of the problems encountered by its suppliers since the earthquake and tsunami of March 11 that hit north-eastern Japan..
The paralysis of the American automobile manufacturers's subcontractors in Japon causes a shortage of parts and blocks the production of the US car makers.
Therefore, Toyota was forced to freeze its production in North America and Europe.
All of the Japanese automobile industry is affected by these problems of supply
The level of severity of the Fukushima nuclear accident equivalent to Chernobyl forces an increasing number of Japon companies to warn of the consequences of the catastrophe on their results.
Furthermore, because of displaced or injured workers, damaged plants, crippled infrastructure and an electricity shortage spurred by a nuclear-power crisis may force Japon manufacturers to outsource their production away from the archipelagos.
There are good chances that Toyota looses its crown as the top selling luxury make in the U.S.this year which opens the door to Mercedes. BMW, Volkswagen, Audi, Cadillac to gain shares in the luxury car market.
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