Toyota Motor Corp shares rose as much as 3% on rumors that the company would return to normalized production 2 or three months early. The company however denied those reports and stated that while they would return to normal levels as fast as possible, that the end of the year is still the target date. Several manufactures have had production cuts due to the disaster in Japan.
Toyota has their United States factories back online, but production rates are about half of what the company had planned. The company plans to gradually lift production from July in Japan and around August overseas. Toyota is not alone in the production slowdown. The supply of parts has impacted nearly every automaker across the globe to some degree.