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Toyota Production to Increase Faster Than Expected

Toyota Motor Company officials say North American production will rise to 70 percent of normal in June as the company begins to recover from a parts shortage caused by the earthquake and tsunami in Japan.The company cut production to about 30 percent in May by idling factories for several days or reducing production hours. Toyota further warned dealers to expect shortages of some models for several months.Company officials now say they can increase production faster than expected, as the recovery in Japan continues.Toyota has 13 factories in North America, one of which is in Georgetown, Kentucky. No layoffs are planned during the production drop.Additional information from the Associated Press