Wednesday, April 13, 2011

Japanese Carmakers Lose More than 500,000 Vehicles to Earthquake, Toyota hit the Worst


It’s been over a month since the first of a series of earthquakes along with a catastrophic tsunami hit Japan’s shores resulting in devastating destruction and flooding, but the country is still feeling the effects in more ways than one.

According to a news report, Japan’s big seven automakers have lost more than half a million units of output since the March 11 quake. To make matters worse, even though many factories opened recently, they have not yet reached their full production capacity due to a lack of parts.

Toyota Motor Corp. is the most affected having lost some 260,000 units at its 18 plants in the country, while Honda’s volume was reduced by 58,000 vehicles. Nissan, which has restarted its five domestic plants with reduced output, lost some 55,0000 vehicles up until now, with Suzuki counting 45,000 fewer cars through March 31 and 59,000 through April 9.

Mazda’s toll comes out to 43,000 units, Subaru’s to 29,000 vehicles until April 5 and finally Mitsubishi has lost 26,000 vehicles through April 10.

Source: Autonews