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Toyota Says It Will Have To Shut Down North American Factories, 25,000 Workers To Be "Affected"

Submitted by Tyler Durden on 04/04/2011 14:04 -0400

Remember the massive surge to world GDP courtesy of the Japanese disaster spouted by every idiot on CNBC? Well, here we go:

TOYOTA SAYS WILL HAVE TO SHUT DOWN N. AMERICAN FACTORIES
TOYOTA SAYS SHUTDOWNS MAY AFFECT 25,000 WORKERS

This is massively bullish for horse buggies and Flintstonemobiles.

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Mon, 04/04/2011 - 16:10 | 1134067 Stuck on Zero

Remember the BS from Toyota that their cars were made in the USA? People can now recognize their statements as false. 95% of the parts are made in Japan and a bit of assembly is performed in the USA.

Mon, 04/04/2011 - 16:26 | 1134161 TideFighter

I knew Toyota would find a way out of my Lemon Law Hearing on my piece-0-shit Toyota Venza. My car has more issues that a Fukishima power plant. Fact is, nobody is going to notice; Toyota went from #1 in sales to barely making it. This just may be an excuse to pull out of US.

Mon, 04/04/2011 - 16:30 | 1134192 I am Jobe

Yeap the Green Energy in the making. I wonder how these guys going to spin the unemplyoyment numbers. Interesting. Shows America builds nothing period. Its ok, we have MCD and Burger King to support the Econ, and did I forget WMT. Yippie.

Mon, 04/04/2011 - 16:37 | 1134226 velobabe

be long legs, huh tyler?

Mon, 04/04/2011 - 21:16 | 1135226 StychoKiller

Legs, the word for the day...spread the good word! :>D

Mon, 04/04/2011 - 16:46 | 1134275 Jreb

http://www.globalnews.ca/world/Toyota+closing+North+American+plants/4556860/story.html

Me thinks this post may have gone up a bit hastily... see above.

Mon, 04/04/2011 - 17:31 | 1134506 tiger7905

It may have been hasty but eventually the Quake will ripple to the US jobs market. Supply chains are way to intertwined.

http://goldandsilverlinings.com/?p=410

Mon, 04/04/2011 - 19:13 | 1134824 Jreb

True - 100%. But there is a difference between supply interuptions - temporary shutdowns and closing an entire corporation from one end of the country to the other.

Of course - like all things Japenese these days - things could be much worse than we are lead to believe.

Time will tell.

Mon, 04/04/2011 - 17:07 | 1134397 Biff Malibu

speaking of that, where can i buy a toyota pickup with quad 50's or rocket launcher in the back like I see on CNN???

Mon, 04/04/2011 - 19:04 | 1134795 Jreb

Me too!!

Mon, 04/04/2011 - 19:43 | 1134923 snowball777

Used? In Benghazi...low miles.

Mon, 04/04/2011 - 17:27 | 1134494 ragedmaximus

Has anyone noticed that like 95% of the contestants on "WHO WANTS TO BE A MILLIONAIRE" are all UNEMPLOYED. It's gotten so bad the last few months that they prob asked the host to not ask anymore. Go figure and we are in a RECOVERY of what.

Mon, 04/04/2011 - 19:25 | 1134858 sethstorm

Drive something from Ford, General Motors or Chrysler.

Mon, 04/04/2011 - 19:29 | 1134870 Magnum

Apparently many Japanese companies are now investing heavily in Thailand for manufacturing.

Mon, 04/04/2011 - 19:44 | 1134919 snowball777

Let them ride segways!

Mon, 04/04/2011 - 19:50 | 1134954 deez nutz

looks like the ol' channel stuffer just fell into a pile of sht and will come out smellin like a rose

Mon, 04/04/2011 - 20:23 | 1135056 prophet

well that was worth reading

Mon, 04/04/2011 - 22:36 | 1135461 Roger Knights

Seeking Alpha:

Japan's Fate Subject to the Winds

"What has struck me as strange in this crisis is the lack of aggressive attack from the get-go. The more aggressive you are during the early stages, the more options you are able to create to mitigate a nuclear event – and a boiling water reactor’s failure tree is slow moving. Do not believe because there are not daily events to watch that technicians are getting a grip – this is the nature of this beast."

"If the winds decide, the highly populated areas further south in Japan could be subjected to lethal levels of radiation. Japan’s future is literally resting with the winds. No country will accept radiated shipments coming from Japan."

"The ability to transfer power between zones is limited to 1 GW through frequency converters. This is literally nothing when you consider total generating capacity is 81 GW in the 50 hz zone where the damaged power plants lie. This electrical distribution problem will not go away in 6 months."

Tue, 04/05/2011 - 15:47 | 1138311 Chuck Yeager

Here is a thesis...

USA falsly claims 'defective' throttle pedals in Toyotas to shift market share to US produced brands that are under threat.

In return, Toyota closes US plants to bring home jobs.

Yep, the global beggar thy neighbor is in full force...

Tue, 04/05/2011 - 16:38 | 1138473 MachoMan

Here is another thesis:

USA falsly claims "defective" throttle pedals in Toyotas to force the company into union labor.

In return, Toyota states any faulty parts are made in America and we might just have to return those jobs back to the motherland given you white devils can't make anything nearly as good as we can other than financial sophistry.

USA bows, clearly understanding additional job losses at this juncture might not be the best idea.

Earthquake happens, tsunami nails japanse reactors, clusterfuck of epic proportions ensues... Toyota packs up shop anyway.

Sat, 04/09/2011 - 22:12 | 1154260 thames222

I love it, Toyota's not my favorite company at all, meanwhile Ford is on the rise. I'm glad the American auto companies are at least seeing some renewed success during these hard times.

Toyota Says It Will Have To Shut Down North American Factories, 25,000 Workers To Be "Affected"

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