Skip to content


Japan auto giants see home output plunge post-quake

TOKYO (AFP) – Japan‘s leading automakers said Monday that domestic production plummeted in March after the massive quake and tsunami, which shut off parts supplies and led to widespread power shortages.

Toyota, Nissan and Honda all reported massive falls in output due to the disaster and ratings agency Standard & Poor’s revised from “stable” to “negative” its outlook for the trio.

Toyota, the world’s biggest automaker, said production in Japan plunged 62.7 percent year on year in March, putting it in danger of falling this year from the global top spot it claimed from General Motors in 2008.

Domestic output slumped to 129,491 vehicles, which Kyodo News agency said was the lowest since records began in January 1976.

Toyota‘s worldwide production fell 29.9 percent to 542,465 vehicles while output at its Daihatsu and Hino subsidiaries was also sharply lower.

The March 11 disasters damaged production facilities and atomic power plants in northeast Japan, triggering the world’s worst nuclear crisis since Chernobyl and electricity shortages and supply chain disruptions in Japan and worldwide.

Toyota was forced to temporarily close plants and reduce output domestically and in the United States, European Union, China and Australia, running some facilities at half-capacity or less.

Nissan said production at home fell 52.4 percent year on year in March due to the effects of the quake and the termination of a government subsidy programme for environmentally-friendly vehicles.

Domestic production slid to 47,590 units, in contrast to its global output which in March increased 9.0 percent year on year to 382,704 units. Nissan said the figure was a record for the month.

The domestic picture was similar at Honda Motor, which reported output plunged 62.9 percent year on year in March while worldwide total production was down 19.2 percent at 282,254 units.

For the fiscal year to the end of March 2011, worldwide production was up 8.2 percent at 3,575,362 units compared with the previous year, Honda said.

Standard & Poor’s said the financial performance of Japanese automakers in the 2011 fiscal year was likely to be affected by parts shortages following the earthquake and tsunami.

“In our opinion, extended production cuts may erode Japanese automakers? market shares and competitive positions in the longer term,” it said.

S&P however affirmed its ratings on Toyota, Honda and Nissan because it expected the impact of the disaster to be less than that of the 2008 financial crisis.

Also on Monday, Mazda announced a 53.6 percent drop in domestic production year on year in March, with global production down 33.8 percent.

Mitsubishi Motor said its Japan production in March fell 25.7 percent to 49,434, while global production slipped 10.9 percent to 106,229.

“The decline in output in Japan was due to restricted operation of the company’s factories after the Great East Japan Earthquake,” the company said.

Many key component manufacturers are based in the northeast and the shortage of parts has also hit vehicle production overseas.

With auto production stalled, demand for second-hand cars has soared in the disaster-ravaged northeast, Jiji news agency reported.

In hardest-hit Miyagi prefecture, about 150,000 vehicles, or 10 percent of those in the area, were damaged or destroyed, leading to a boom in second-hand sales.

Prices have surged by 100,000-150,000 yen ($1,200-$1,800) for many models, a dealer told Jiji following the weekly used-car auction in the town of Murata.

Related Posts with Thumbnails

Posted in Natural Disasters.

Tagged with , , , , .

Support #altnews & keep Dark Politricks alive

Remember I told you over 5 years ago that they would be trying to shut down sites and YouTube channels that are not promoting the "Official" view. Well it's happening big time. Peoples Channels get no money from YouTube any more and Google is being fishy with their AdSense giving money for some clicks but not others. The time is here, it's not "Obama's Internet Cut Off Switch" it's "Trumps Sell Everyones Internet Dirty Laundry Garage Sale".

It's not just Google/YouTube defunding altenative chanels (mine was shut), but Facebook is also removing content, shutting pages, profiles and groups and removing funds from #altnews that way as well. I was recently kicked off FB and had a page "unpublished" with no reason given. If you don't know already all Facebooks Private Messages and Secret Groups are still analysed and checked for words related to drugs, sex, war etc against their own TOS. Personally IU know there are undercover Irish police moving from group to group cloning peoples accounts and getting people booted. Worse than that I know people in court at the moment for the content they had on their secret private group. Use Telegrams secret chat mode to chat on, or if you prefer if you need to or buy a dumb phone with nothing for the NSA to hack into if you are that paranoid.

So if your not supporting this site already which brings you news from the Left to the Right (really the same war mongering bollox) then I could do with some. Even if it's just £5 or tick the monthly subscription box it will be much appreciated. Read on to find out why/

Why?

Any support to keep this site would be appreciated. You could set up a monthly subscription for £2 like some people do or you could pay a one off donation as a gift.
I am not asking you to pay me for other people's articles, this is a clearing house as well as place to put my own views out into the world. I am asking for help to write more articles like my recent
false flag gas attack to get WWIII started in Syria, and Trump away from Putin. Hopefully a few missiles won't mean a WikiLeaks release of that infamous video Trump apparently made in a Russian bedroom with Prostitutes. Also please note that this article was written just an hour after the papers came out, and I always come back and update them.

If you want to read JUST my own articles then use the top menu I have written hundreds of articles for this site and I host numerous amounts of material that has seen me the victim of hacks, DOS plus I have been kicked off multiple hosting companies, free blogging sites, and I have even had threats to cease and desist from the US armed forces. Therefore I have to pay for my own server which is NOT cheap. The more people who read these article on this site the more it costs me so some support would be much appreciated.

I have backups of removed reports shown, then taken down after pressure, that show collusion between nations and the media. I have the full redacted 28/29 pages from the 9.11 commission on the site which seems to have been forgotten about as we help Saudi Arabia bomb Yemeni kids hiding in the rubble with white phosphorus, an illegal weaapon. One that the Israeli's even used when they bombed the UN compound in Gaza during Operation Cast Lead. We complain about Syrian troops (US Controlled ISIS) using chemical weapons to kill "beautiful babies". I suppose all those babies we kill in Iraq, Yemen, Somalia and Syria are just not beautiful enough for Trumps beautiful baby ratio. Plus we kill about 100 times as many as ISIS or the Syrian army have managed by a factor of about 1000 to 1.

I also have a backup of the FOX News series that looked into Israeli connections to 9.11. Obviously FOX removed that as soon as AIPAC, ADL and the rest of the Hasbra brigade protested.

I also have a copy of the the original Liberal Democrats Freedom Bill which was quickly and quietly removed from their site once they enacted and replaced with some watered down rubbish instead once they got into power. No change to police tactics, protesting or our unfair extradition treaty with the USA but we did get a stop to being clamped on private land instead of the mny great ideas in the original.

So ANY support to keep this site running would be much appreciated! I don't have much money after leaving my job and it is a choice between shutting the server or selling the domain or paying a lot of money just so I can show this material. Material like the FSB Bombings that put Putin in power or the Google no 1 spot when you search for protecting yourself from UK Police with "how to give a no comment interview". If you see any adverts that interest you then please visit them as it helps me without you even needing to give me any money. A few clicks per visit is all it takes to help keep the servers running and #altnews alive!

However if you don't want to use the very obvious and cost free ways (to you) to help the site and keep me writing for it then please consider making a small donation. Especially if you have a few quid sitting in your PayPal account doing nothing useful. Why not do a monthly subscription for less money instead. Will you really notice £5 a month?


0 Responses

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.



Some HTML is OK

or, reply to this post via trackback.



css.php