Toyota just can't seem to catch a break lately. First it was the charges of unintended acceleration, then the Japanese earthquake and tsunami. Now it's flooding in Thailand.
The company says it will suspend production at all of its North American plants this Saturday because of a shortage of parts made by suppliers in Thailand.
The closures affect plants in Indiana, Kentucky and Ontario, Canada, as well as an engine factory in West Virginia.
"We will continue to monitor the supply situation in Thailand," the company said in a statement.
Earlier, Toyota cut production in Japan by a total of 6,000 vehicles, trying to get parts and production back in sync.
Other Asian automakers are also being stymied by the Thai flooding, frustrating their efforts to get production and sales back on track.
VW moving up
All of this is good news for Volkswagen, which is coming up fast behind Toyota, seeking to dislodge Toyota as the world's biggest carmakers. VW hopes to deliver 8 million units this year, which would be an 11% increase.
VW's profits surged 46 percent on demand for the revamped Audi A6 sedan and the VW Tiguan SUV, according to yesterday's quarterly earnings report.
VW plans to hire more than 50,000 workers by 2018 as it drives towards its target of more than 10 million cars per year.