Filed under: Car Buying , Honda , Nissan , Toyota Japanese automakers are turning to new lease programs in an effort to lock down buyers who may stray to other automakers due to a lower-than-average supply of popular models. Toyota , Honda and Nissan are still in the process of restoring production to pre-earthquake levels, and as a result, buyers may not find the exact model they are looking for on dealer lots. Honda has authorized its dealers to extend current lease customers’ arrangements by up to six months. Additionally, the company is offering $500 to drivers who move from an old lease into a new one and promising to honor current incentives if buyers commit to an unavailable model. The automaker calls the effort the Honda Promise Program. But Honda isn’t the only company sweetening its deals. Automotive News reports that Toyota is extending its lease offers by six months and handing out a coupon worth $750 to customers who return to lease another Toyota product. Nissan is offering dirt-cheap lease options for its most popular model – the Altima . Buyers can snap up the sedan for $179 per month for two years. Manufacturers are also pushing for better lease deals due to a dearth of quality used vehicles this season.
Filed under: Truck , Japan , Plants/Manufacturing , Toyota 2011 Toyota Tundra – Click above for high-res image gallery The Toyota Tundra plant in San Antonio, TX has been hit by parts shortages as a result of the March 11 earthquake. The plant will be shut down on Mondays and Fridays, and production will be at only 50 percent the other three days of the week. Luckily for the facility’s 2,800 workers, Toyota plans to pay its employees even when the plant is down, but there’s a caveat. The workers will need to either sign up for training or build homes for Habitat for Humanity if they want to collect a full paycheck. If the workers don’t feel like taking Toyota up on either offer, the employee will be able to take an unpaid leave. The move runs counter to one made by Honda , which recently announced part-time plant schedules in North America between May 9 and July 1. Honda workers will have the choice of doing training if they wish, or they can stay home and get paid anyway . Local television station KENS5 reports that Toyota is taking this step because it believes that Habitat for Humanity work is all about giving back, respecting people and constantly improving. It’s hard to argue that point, and we’re sure the local community is more than thrilled with Toyota’s decision. What’s more, we’re guessing workers will be very happy that the paychecks will continue to come in, in spite of the considerable supply woes the automaker faces.
Filed under: Japan , Plants/Manufacturing , Toyota The Detroit News is reporting that Toyota believes its production will be back on track by November or December of this year. The automaker saw global manufacturing slow after the tragic earthquake and tsunami activity of last month, though pre-disaster levels of production may return in Japan as soon as July. Meanwhile, shipping delays will cause manufacturing at the company’s overseas plants to begin to normalize beginning in August. It will then take another two months for production to completely meet earlier targets. Currently, Toyota’s Japanese facilities are operating at around 50-percent of capacity, though as The Detroit News reports, parts shortages have caused production delays at the company’s plants in the U.S. and around the world. While Toyota says that it will continue to work with its standard parts providers, the automaker has also made it clear that it will explore substitute suppliers as it continues to push toward returning to pre-quake output levels. [Source: The Detroit News ] Report: Toyota production back to normal by end of the year originally appeared on Autoblog on Fri, 22 Apr 2011 10:59:00 EST. Please see our terms for use of feeds . Permalink
As Toyota Motor Corporation (TMC) continues to address its production situation in Japan following the March 11 Great East Japan Earthquake, it has decided it will produce vehicles at all its Japanese vehicle-production facilities from April 18 to April 27.