Day in my life in Tokyo, Japan | Everyday life & Working in Japan
Amid the rubble of the earthquake and tsunami-ridden Japan, a strange phenomenon Three smaller local manufacturers have suffered no interruption in production, while the largest seemed very most affected Toyota, Honda and Nissan all suffered from a kind of interruption of production since the earthquake struck, while Mazda, Suzuki and Mitsubishi remain intact according to Automotive News in in such a tragedy, some might be tempted to attribute this division suffering a universal sense of justice, a cosmic leveling the automotive playground Japan but as the map above shows, this twist of fate is purely geographical Mazda, Mitsubishi and Suzuki happen to have all their plants located well south of the affected area near Sendai in addition, Subaru, one of the smallest automobile manufacturers in Japan, closed five factories There is no sense in taking a mess like this.
Bad luck Toyota chain seems to continue, if not purely in the hands of the damage the earthquake or tsunami According to the last word of the largest automaker in the world.
Plants that have ceased production are Toyota subsidiary plants that produce parts and vehicles, including.
Central Motor Corporation Miyagi Plant, which also produces the Yaris model.
Kanto Auto Works Iwate Plant, which also produces the Scion xB and xD Scion.
But even Toyota itself was largely spared, the market is punishing Reuters reports that Wall Street is.
The massive earthquake in Japan on Friday fueled defensive options trades in large Japanese companies and in an exchange-traded fund that tracks Japanese equities.
Traders are primarily buying put options, perhaps as a hedge against long positions of existing shares if prolonged shutdown in their automotive systems and parts production in Japan, said Jon Najarian, co-founder of stock and options website in Chicago.
And, according to another room to Reuters, the weakness of luxury Lexus vehicle inventories Toyota may be particularly vulnerable to interruptions and, according to Automotive News in.
The ruling could affect exports to the United States of such cars as the Toyota Yaris sedan, Scion XB and Scion XD, and the Honda Fit subcompact, Accord sedan and crossover CR-V tremblor production also affected Acura and Infiniti queues.
But so far, the worst news coming out of Honda and Nissan, ie.
At least one person died at Honda plant r d, and fires broke out in two Nissan plants.
The LAT gives more details on the Honda situation noting.
Honda Motor Co has closed three plants Monday, including one in which he makes the Fit subcompact car and top Acura sedan range that are exported to the research center Its US in Tochigi was also damaged, killing 43 year -old man, and at least 30 other Honda employees were injured in the region.
Nissan Motor Co said it had immediately suspended operations at five plants in Fukushima in the northeast, and the prefectures of Kanagawa and Tochigi, north and south of Tokyo small fires broke out at its plants in Tochigi and Iwaki but were extinguished, the company said.
Both Infiniti and Nissan Leaf EV could be affected, notes the Journal, but Renault, which holds almost the majority of Nissan's shares could be the one sweating exposure Meanwhile, although supply problems are always resolved, the commitment of the Japanese automakers Just in Time JIT manufacturing practices means no interruption provider will be noticed soon Among the major global companies suppliers operating in Japan, Denso reported that damage to a plant.
More damage to a company, but what's driving market fears seems to be worries about Japan's road, power and port facilities Although the plants themselves are fine, they still get their products on market for now though, the opportunities to shift production to the United States seem limited, according to an analyst speaking with Automotive News on Needless to say, everyone will know a little more about the situation tomorrow.
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