Toyota Shares Up 1% On Production Hopes

Toyota Motor Corp. TM shares are up almost 1% today after the company said that it expects production to come close to normal capacity during June, and match 2010's full year output, writes the Wall Street Journal. Company spokesmen Keisuke Kirimoto said the company met with its key auto parts suppliers and said production levels would ramp up to 90% of planned levels, as soon as next month. This is sharply up from just as soon as May 12, when the company said it expected to have 70% of production. At last check, shares of Toyota were up 78 cents to $83.04, a gain of nearly 1% on 340,000 shares.