Honda and Toyota are bouncing back swiftly from the inventory disruptions caused by the March earthquake in Japan.
-- Honda told U.S. dealers last week that they may resume ordering the Honda Fit subcompact and Insight hybrid as the automaker races to restock supplies of fuel-efficient models.
-- Toyota said it now aims to finish the current fiscal year with a slight increase in global production, despite shuttering many plants for weeks after the quake. The company will start making up for lost output in October, when it ramps up factories beyond original plans.
Declaring that Honda has "turned the corner" on factory interruptions, John Mendel, executive vice president of American Honda Motor Co., also exhorted dealers to be aggressive with sales and advertising.
"Honda's manufacturing operations in Japan are returning to nearly normalized levels by the end of summer," Mendel said in a memo to dealers.
"This means our next allocation will include the fuel efficient Fit and Insight," Mendel said in the memo, obtained by Automotive News. "This represents a major improvement from the recovery timetable we provided you last month."