Tag Archives: japan earthquake

Volkswagen Group Sales Rise 13.9% Through April

VW is now growing faster than the overall global auto market, which increased 8% during the same period. If the sales trend holds VW will surpass Toyota in global sales this year as Japan’s largest automaker continues to struggle with production disruptions caused by the Japan earthquake. Continue reading

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Toyota Posts Fiscal Year Profit of $5 Billion, but Q4 Dives

Toyota Motor Corporation (TMC) today announced that net revenues for the fiscal year ended 31 March 31 2011 were 18.993 trillion yen, an increase of 0.2% compared to the previous fiscal year as Japan’s largest automaker continues to struggle to return to pre-2008 levels of return. TMC operating income increased from 147.5 billion yen to 468.2 billion yen, while net income increased from 209.4 billion yen to 408.1 billion yen, or $5.1 billion. Continue reading

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2012 Honda CRV Delayed at Least One Month in U.S. New 2012 Civic Scarce Through September. Both Were Best Sellers

Two of the immediate Honda causalities are the all new 2012 Civic and CRV – both among the best selling vehicles in the United States. Continue reading

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Honda Q4 Profit Drops as Yen and Earthquake Shake Results

Honda Motor Company said today in Japan that profits plunged 38% to ¥44.55 billion (~$547 million) in the current fourth quarter as a result of the Japan earthquake and ongoing appreciation of the Japanese Yen. Honda’s net profit in Q4 … Continue reading

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Honda Sets Fiscal Year Record for Overseas Auto Production

That of course was before the parts shortages and vehicle production disruptions caused by the Japan earthquake and tsunami on 11 March took hold. Continue reading

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Honda Keeps Japan Plants at 50% Capacity until End of June

The latest setback for the Japanese auto industry, the result of the March earthquake and tsunami, follows the announcement late last week that Toyota will not be able to resume full production until the end of the year. Toyota, Japan’s largest automaker, is currently at 50% capacity in Japan and 40% or less in its overseas operations due to parts shortages. Continue reading

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Toyota Auto Production Interruptions to Go On Until Year End

It is also an affirmation of the wisdom of the U.S. taxpayer financed bailouts of General Motors and Chrysler. At the time these were under debate in 2008 and 2009 ideologues scoffed at the assertion that to let those companies fail would also cause other North American auto companies – U.S. and offshore owned – to fail since suppliers in common would be wiped out taking the whole auto industry down. Continue reading

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Toyota Cuts May Auto Production in North America

On average, around 85% of the parts and materials for the 12 North American-built Toyota and Lexus models are sourced from 500 suppliers in North America. While production of some parts and materials continues in Japan, Toyota says it is working closely with affected suppliers in order to minimize the impact, which appears to be considerable and ongoing. Continue reading

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Grede Buys Two Mexican Foundries to Boost Casting Capacity

Capacity or lack thereof at auto suppliers who drastically downsized by closing facilities and jettisoning workers in 2008 and 2009 as the Great Recession took hold, is an emerging problem as auto and truck makers slowly recover and increase production. Continue reading

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Earthquake Aftershocks – Toyota to Shut 5 European Plants

Toyota said in a statement that the decision is “necessary as a result of forecasted parts supply difficulties.” Continue reading

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Toyota Cuts North American Car and Truck Production

On these non-production days, Toyota will continue to provide employment for its approximately 25,000 regular North American team members in keeping with previous Toyota practices. Team members may report to work for training and plant improvement activities, use vacation, or take unpaid time off. Continue reading

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Toyota to Resume Vehicle Production at All Japan Plants

However, production volume is planned to be approximately 50% percent of normal. After April 27, all production facilities will enter an annual spring holiday through May 9. A decision on post-holiday production will be made after assessing the parts supply situation. Continue reading

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Honda Resumes Auto and Motorcycle Production in Japan at 50% Capacity, More Earthquake Caused Interruptions Coming

Honda Fit, Insight, CR-Z, Civic Hybrid, Acura TSX and Acura RL are produced in Japan for the North American market. Honda produces a small percentage of CR-Vs in Japan for the U.S. as well. Continue reading

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Toyota Sells One-Millionth Prius Hybrid in the U.S.

Toyota Motor Sales (TMS) U.S.A. today announced the one-millionth sale of the Toyota Prius in the United States. Prius was the world’s first mass-produced hybrid gas-electric vehicle, and in its third generation is unquestionably the most successful hybrid, which continues to give Toyota a reputation as an environmentally friendly hybrid. Continue reading

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AutoNation’s March 2011 New Vehicle Unit Sales Increase 19%. Japanese Model Availability to be Problem in Q2 and Q3

AutoNation, Inc. announced that its retail new vehicle unit sales in March 2011 totaled 22,246, an increase of 19%. AutoNation expects production disruptions will significantly impact product availability from Japanese auto manufacturers in the second and third quarters of 2011. Continue reading

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