SOURCE: Industrial Info Resources

Industrial Info Resources

May 18, 2011 06:30 ET

Toyota Ahead of Schedule With Recovery Efforts, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 18, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Prior to Mother Nature's unleashing her fury on Japan in early March, Toyota Motor Corporation (NYSE:TM) (Toyota City, Japan) was already dealing with some significant obstacles in its fight to retain the No. 1 spot in automotive sales worldwide. With General Motors Company (NYSE:GM) (GM) (Detroit, Michigan) nipping at its heels thanks to its almost miraculous recovery from bankruptcy proceedings in 2009, Toyota was attempting to rebuild its image in the eyes of both consumers and government agencies across the globe because of a series of safety issues that had hampered the automaker's sales and production efforts throughout 2010. Toyota had been pulling out all the stops to convince consumers that its vehicles were safe and viable, and had made some significant headway in that regard, until the earthquakes and resulting tsunami hammered northern Japan, causing massive damage to Toyota's production infrastructure in early March. However, despite the problems this disaster has caused, recovery efforts have made headway, and Toyota has indicated it will be back at full production earlier than previously announced.

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