Nissan Stops Car Production in USA and Mexico
Nissan Motor Co. said Friday it will suspend part of its production in the United States and Mexico later in the month for about a week due to a possible delay in parts supply in the wake of Japan’s devastating earthquake and tsunami. It follows similar moves by two other major Japanese automakers — Toyota [...]
US Economy Stabilized – Hyundai Car Sales Up
By Hwang Doo-hyong Hyundai Motor Co. said Friday its U. S. sales in March were an all-time high as the world’s biggest economy stabilizes after the worst recession in decades. Hyundai Motor America (HMA), which has been in business for decades, sold 61,873 vehicles in March, up 32 percent from a year earlier. HMA’s sales [...]
Effect of Japan Earthquake on World’s Auto Parts Supply Chain
The world’s auto parts supply chain is being threatened by the devastating earthquake and ensuing tsunami in Japan, according to the latest Global Auto Report released on Tuesday by Scotia Economics, one of Canada’s five biggest bank. “Japanese automakers continue to extend their vehicle production shutdown following the March 11th earthquake and subsequent tsunami,” said [...]
Nissan and Renault to Unite
Japan’s Nissan Motor Co. <7201> and French partner Renault SA are considering setting up a joint holding company, informed sources said Thursday. The holding firm, to be set up within three years, will control the two automakers so that the operational efficiency can be improved, the sources said.
U.S. Toyota Faces Shortage of Repair Parts and Maintenance Work
Toyota Motor Corp. on Tuesday notified its dealers across the United States that they may face a shortage of parts for repairs and maintenance work due to disruptions caused by the massive earthquake and tsunami in Japan, Toyota officials said. Out of 300,000 parts items, 233 may be in short supply, the officials said, adding [...]
Nissan to Import Engines from America USA
Nissan Motor Co. <7201> said Thursday it is considering importing engines from its own plant in the United States as its quake-hit engine factory in northeastern Japan remains closed. Nissan plans to procure V-6 engines made at the plant in Decherd, Tennessy, the Japanese automaker said.
Car Production in Japan After Earthquake
Japanese automakers are unlikely to resume vehicle production any time soon because parts suppliers have yet to recover from damage caused by the catastrophic earthquake that hit northeastern and eastern Japan on March 11. Major automakers saw their assembly plants unhurt by the 9.0-magnitude quake, but they cannot produce vehicles because parts supplies form the [...]
Toyota Resumes Hybrid Car Production in Japan
Toyota Motor Corp. <7203> will on Monday resume part of its domestic production that has been halted since the March 11 earthquake in northeastern Japan, focusing on three hybrid models, company officials said Thursday. The automaker will restart two of its assembly plants in Japan that have been shut and will manufacture the Prius, which [...]
Kia Cars Export Market So Big Now
Cumulative exports by South Korea’s second-largest automaker Kia Motors Corp. surpassed 10 million units on Thursday, a feat achieved 36 years after it started overseas shipments in 1975, the company said. It took 30 years for Kia Motors to reach the 5 million unit export mark, but only six years since 2005 to reach 10 [...]