Sunday, March 13, 2011

The earthquake in Japan hit hardest by the automotive sector

Today Japan has suffered an earthquake and subsequent tsunami, which has shocked the world. As the country tries to put back, they start to get the first reviews on the impact that this disaster will have on Japan.

In regard to the automotive industry, several companies have suffered severely from the consequences of the earthquake. Specifically Toyota has had to close three plants, as reported by Shiori Hashimoto, a spokesman for the company. One of these plants produces the Toyota Yaris, with a capacity of 120,000 vehicles a year.

For its part Honda has been forced to close two plants. The company also reported that a worker has died and at least 30 injured.

Nissan has had to close four plants, among which are the Tochigi and Kanagawa, and two other production facilities located in Kanagawa and Fukushima. Also on the ground where they produce the Infiniti M and the Nissan GT-R has been two small fires, which have been controlled.

Fuji Heavy Industries, parent company of Subaru, among other companies, has had to close 5 plants. The same situation is repeated several ancillary businesses, such as Denso (the largest component of Japan) and Toyota Boshoku.

Of course, the rest of the industrial fabric has also been affected, as well as strategic sectors like energy or transportation. The consequences of this catastrophe are already evident in the prices of most Japanese companies, which have fallen sharply in some European markets. For its part, the Nikkei 225 is left now 1.72%.

The consequences for the Japanese auto industry, and by extension the world, can be catastrophic. A stop in the production of these features may be an unrecoverable situation. It is still too early to mid-term analysis, but it seems that the outlook will be positive.

Finally, the team Motorpasión the Japanese people want to send their heartfelt support and love in these difficult times.

No comments:

Post a Comment