On average, inventory of Toyota’s North American built vehicles ranges from 80-90 days. With the new production adjustments, Toyota hopes to reduce inventory by about half in the second quarter of the year.
“This is a tough environment, and it may continue for a while. We are making responsible business decisions now in order to sustain our business over the long term,” said Jim Wiseman, vice president of external affairs for Toyota Motor Engineering & Manufacturing North America (TEMA). “In addition to slowing production we are redoubling efforts to cut costs at each of our facilities. Further actions and sacrifices may be necessary, but we will continue to do everything possible to assure the viability of our plants and protect the long term employment security of our team members.”
Following is a summary of the number of anticipated non-production days scheduled during the first quarter of 2009. Some January days were previously announced:
Plant | Line | January | February | March-Apr.3 |
Kentucky | Camry/Avalon | 7 | 1 | 9 |
Camry/Hybrid/Venza | 7 | 5 | ||
4 cylinder engine | 8 | 3 | 9 | |
V6 engine | 8 | 2 | 9 | |
Indiana | Sequoia | 17* | ||
Sienna | 9 | 8 | 13 | |
California | Corolla | 8 | 3 | 10 |
Tacoma | 8 | 7 | 10 | |
Canada | Corolla/Matrix | 8 | 4 | 5 |
RX350 | 5 | |||
RAV4 | 5 | |||
Texas | Tundra** | 3 | ||
Subaru Indiana | Camry | 4 | ||
West Virginia | 6 speed transmission | 6 | 4 | |
5 speed transmission | 8 | 6 | 7 | |
4 cylinder engine | 7 | 4 | 5 | |
V6 engine | 9 | 4 | 5 | |
Alabama | 4.7 V8 engine | 8 | 2 | 16*** |
V6 engine | 1 | 4 | 5 | |
5.7 V8 engine | 1 | 5 |
* Most of the non-production days for Sequoia are due to retooling of the same line to include Highlander production, which begins late 2009.
** In addition to 3 non-production days in March, Tundra production will remain at the equivalent of one shift until the market improves.
** In addition to 3 non-production days in March, Tundra production will remain at the equivalent of one shift until the market improves.
*** Includes build-out of current engine.
