Industry crisis worsens for Japanese Automakers

Latest developments in the auto industry following Japan’s March 11 earthquake and tsunami. The twin disaster and subsequent damage to nuclear reactors have disrupted the flow of auto parts and cars around the world.

In Japan:

• Toyota Motor Corp., the world’s No. 1 automaker, plans to restart production of the Prius and two Lexus hybrids — the HS 250h and CT 200h — on March 28. The company is expected to keep most of its other plants closed into next week, according to IHS’ Global Insight Automotive Report.

• Honda Motor Co. extended a shutdown of car production at its Saitama and Suzuka factories until April 3. It will restart motorcycle production on March 28. "Honda’s core supplier base could be most affected by the disaster," according to IHS.

• Nissan Motor Co. resumed production of the Nissan Leaf at its Oppama and Zama plants, but said the ability to keep producing the cars will depend on the frequency of rolling blackouts.

Read the rest of the story: As Japan shutdowns drag on, auto crisis worsens.

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