Japan's auto industry in trouble due to earthquake. Toyota, the number one in the industry, announced today that it suffered a 78,4% year-on-year drop in April production to 53.823 units, while Honda and Nissan, Japan's second and third largest automakers respectively; recorded declines of 81% (18.168 units) and 48,7% (44.193) respectively. The earthquake and consequent tsunami of last March 11, which hit north-eastern Japan, caused serious damage, still not completely eliminated, to the electricity grid and above all to the parts supply chains. Toyota, precisely because of the shortage of components, had to suspend activities in its plants all over the world, from Europe to the United States, via China.
Production of Toyota, Honda and Nissan collapses due to the earthquake
Still problems for the electricity grid and above all for the supply of components – Blockages in the systems of Japanese houses all over the world
FIRSTonline editorial team
FIRSTonline is an independent web journal of economics, finance and stock exchange published by AL Iniziative Editoriali Srl with registered office in Rome, founded and controlled by Ernesto Auci e Franco Locatelli and owned by two minority shareholders (Alessandro Pavesi and Laura Rovizzi). The portal and its applications are created in daily life by two agile editorial offices, one in Milan and one in Milan Roma, and by an innovative and effective team of innovation and web managers.
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