Toyota's Japanese Production Drops Nearly 63 Percent in March

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Toyota's Japanese production levels dropped 62.7 percent last month in the wake of Japan's devastating 9.0 earthquake and tsunami on March 11, which destroyed factories in northeastern Japan and caused a shortage in automotive parts.

The automaker says it expects to ramp up auto production as early as July and as soon as August in North America, with all models back to normal production levels by November or December of this year. (The one-month time difference reflects the time required to ship parts from Japan to overseas manufacturing plants.)

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