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Tuesday, March 22, 2011

JAPAN EARTHQUAKE: CAR PRODUCTION PROBLEMS PERSIST


By Dave Kansas, Wall Street Journal - The Japanese earthquake/tsunami/nuclear disaster is making it tough for Japanese car companies to get production back underway.

Toyota and Honda say that a lack of auto parts has idled plants in Japan. Toyota said its halt will last at least until Saturday, meaning that it will have an output loss of 140,000 vehicles since the quake hit. Honda said production halts through Wednesday will result in an output loss of 27,000 vehicles.

Nissan said it plans to resume auto parts and vehicle production this week.

In New York, Toyota is down about 1%, Honda is off about 3% and Nissan is down almost 6%.

American carmakers aren't faring much better. Ford is off 1.5% and GM is down nearly 2%.

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