Toyota And Honda Halt Production Following Japan Earthquakes
The twin earthquakes that rocked southern Japan on the weekend, one a 7.3-magnitude, have claimed their first automotive casualties. Both Honda and Toyota have announced that production will be affected by the quake, with the latter believed to be the
The twin earthquakes that rocked southern Japan on the weekend, one a 7.3-magnitude, have claimed their first automotive casualties.
Both Honda and Toyota have announced that production will be affected by the quake, with the latter believed to be the hardest hit.
Bloomberg reports Toyota could see a downturn in profits to the tune of 30 billion yen (AU$357 million), as a disruption in parts supply forces a slow-down in manufacturing.
The carmaker said its Kyushu plant has already ground to a halt, with other plants expected to follow during the week.
Around 56,000 Toyota and Lexus vehicles will be delayed or simply never built, along with 7500 Daihatsus. The ‘ripple effect’ from the downturn also stretches to engine parts suppliers and auto electrical companies - including Mitsubishi Electronics.
Japan