Toyota is the company which used to be the world’s largest car manufacturer. Toyota cars make up the majority of cars here in Singapore. They are cheap, affordable and practical. Everyone knows of the Japan earthquake. Toyota is a Japanese company. It too is affected by the earthquake and the nuclear crisis. Therefore, production in Japan is very low. Fortunately, Japan has factories in other countries. But they too are facing difficulties. They are facing a shortage of parts. Just a few hours ago, BBC reported that Toyota would be halting all North American productions. Toyota states that production is likely to return to normal by year end.
Due to the high demand for Toyota cars in Singapore, and the low supply, there is a high possibility that the prices would rise. No more cheap and affordable Toyota cars. The repairs for these cars wouldn’t be cheap either, due to the shortage of parts.
People who want to buy a particular Toyota car model may be unable to purchase it due to part shortage. This could cause a lot of inconvenience for people. Also, Toyota risks losing its business and support from its customers, which would severely affect Toyota’s future and determine if it would continue to sell or just fade out gradually from the market and become part of history.
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