Tag Archives: japan earthquake

Toyota Raises U.S. Prices as Yen Strengthens from Earthquake

The huge amounts of money going back to Japan has caused the Japanese Yen to strengthen as it now is trading well below ¥90:$1. Current Japanese automaker business plans were set and 96 Yen to the U.S. Dollar, and at that rate executives said profitability was a struggle. Continue reading

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Mazda Stops U.S. Dealer Orders for Japanese made Vehicles

Mazda Motor has temporary stopped orders for Japan-built vehicles from its dealers in the U.S. as a result on ongoing production interruption caused by the Japan earthquake on March 11. Mazda temporarily resumed partial production at its Hiroshima and Hofu plants on March 22, producing replacement parts and parts for overseas production and vehicles utilizing “in-process” inventories. Mazda indefinitely suspended the production of vehicles utilizing “in-process” inventory at its Hofu plant today. Continue reading

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Japan Earthquake Causes Loss of 320,000 Vehicles. More Plant Shutdowns on Way and the Worst is yet to Come

“The Japan disaster has had a profound effect on the automotive industry,” said IHS Automotive Director Michael Robinet, noting that 13% of the global automotive industry is shut down and companies have lost 320,000 units of production since the earthquake, tsunami and power disruptions. Continue reading

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Toyota Postpones Prius V Japan Launch; With Honda Expects U.S. Plant Shutdowns from Earthquake Parts Shortages

At the same time Toyota was telling workers in U.S. plants to expect shutdowns because of parts shortages resulting from Japan’s triple disasters of earthquake, tsunami, and nuclear plant meltdowns. Toyota said it did not know at this time when, where or how long the production disruptions would last, but it was likely that some would happen. Continue reading

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Opel Shuts German, Spanish plants for Japanese Parts Shortage; Management Shifts as Stracke Returns as Opel CEO

There is a certain amount of friction between Opel and Chevrolet factions inside GM as both brands compete for the same customers, and Chevrolet increasingly turns to GM’s Korean subsidiary Daewoo as a source for small cars that Opel once designed exclusively. Opel’s future is clearly as a regional European brand in a market where it is struggling. Continue reading

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Is Coca-Cola Part of Japan’s Nuclear Power Problem?

The Coca-Cola statement on the Japanese triple crisis of earthquake, tsunami and nuclear power disaster is straightforward. Coca-Cola sends condolences, pledges $7.3 million in cash and products, and is running TV and radio ads to encourage energy conservation. What’s missing … Continue reading

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Japanese Earthquake Shuts GM Truck Plant in U.S.

General Motors is the first auto company to announce that it will stop production at a U.S. plant due to a parts shortage resulting from Japan’s tripe tragedies of earthquake, tsunami and nuclear meltdowns.

GM’s Shreveport Assembly in Louisiana will be closed next week. Continue reading

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Toyota Extends Production Shut Down at all Japanese Plants

Toyota Motor Corporation (TMC) has decided to continue the vehicle-production halt started on March 14 at all plants in Japan, including subsidiary vehicle manufacturers, through March 22. Originally Toyota and other major Japanese automakers had said some shut downs would be for a couple of days. Continue reading

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Auto Production in Japan at Standstill as Toyota, Honda, Nissan, Mazda, Subaru Shut. More Earthquakes Coming?

Auto production in earthquake racked Japan is at a standstill this morning as most automakers closed plants even in non quake areas for announced times of three days to a few weeks. In fact, no company can be sure when they will reopen plants. Moreover, rolling blackouts will disrupt public transportation and production throughout the country for unknown periods of time as damaged nuclear powerplants are repaired or scrapped. Continue reading

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Huge Earthquake Rocks Northern Japan, Tsunami Follows; Effect on Japanese Auto Exports and Yen Value Unknown

The earthquake has also shut down an unknown number of Japanese automaker and parts supplier plants at a time when car sales are rising and exports are needed to meet growing demand in the U.S. and elsewhere. Continue reading

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