Wednesday 30 March 2011

Japan Automotive Trade In Tatters After Tsunami


Following the Earthquake that hit Japan on Friday 11th March 2010, the tsunami that followed soon after brought destruction and absolute devastation to the vast population and cities of the country. Power outages from the Earthquake and tsunami itself have caused most main industry factories to shutdown. All parts, engines and cars that are normally shipped worldwide on a daily basis are now in a state of disrepair leaving the Japanese Automotive industry in a state of disarray.
Burnt-out vehicles which were set for export at a port at the village of Tokai in Ibaraki prefecture after Friday's earthquake and tsunami, which have closed many plants.

The Toyota Corporation of Japan have told suppliers that supplies are limited temporarly due to damage at a main plant that makes the car. Toyota has planned to halt work at its 12 sites in Japan to allow workers to check on the safety of their families at this tragic and devastating time, the Wall Street Journal reported. Toyota and Subaru have curbed production in the US to preserve parts. Other Automotive industries based in Japan that have been affected are Suzuki Motor Corporation, Mitsubishi Motor Corporation, Hino Motors Limited, Honda Motor Corporation and  Nissan Motor Corporation.

US Carmaker General Motors (GM) has closed their factory because of a parts shortage due to the Japan crisis. GM has told the general public that this should have no effect on it’s customers as they have enough supplies to last at least 70 days.

Some operations are expected to be shifted to plants outside the country, the WSJ reported, but that could take some time.

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