Toyota to close ALL North American plants

Despite trying to be optimistic, Toyota has now admitted that the parts supply problem is so bad that it will have to close ALL its North American plants.

Toyota spokesman Mike Goss, said the shut downs will take place later in April. At least 25,000 employees will be affected. How long the shut downs last depends on parts supply issues.

Goss said that the North American plants, in Mexico, U.S. and Canada, get only 15% of their parts from Japan, but they are crucial for assembly of the vehicles.

There is about one week’s worth of parts for North America. Toyota, as well as other car makers, are scrambling to find factories outside Japan to make the parts.