The Japan earthquake has wiped out production of more than half a million vehicles in the country’s auto industry in the last month. Toyota was hit hardest and warned that the U.S. auto market could see shortages of certain vehicles in the third quarter of 2011. Japan’s auto production disruptions have also affected Ford, which Read on! →
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The Japan earthquake and tsunami has created a ton of news stories about auto parts shortages, factory shutdowns, schedule interruptions and shipping delays. Throw in rising gas prices, and you get a perfect storm of panic buying as U.S. consumers make a run on fuel-efficient vehicles. The situation has led to severe price gouging by Read on! →
As the Japanese auto industry looks to increase production at North American factories, Toyota and Nissan have prepared for a major sales push, returning to major factory-to-dealer incentives. Cash, interest rate and lease incentives will apply to the majority of vehicles Toyota and Nissan sell in the U.S., reports Automotive News. The incentive plans have Read on! →
The Japan earthquake and tsunami has effectively shut down the Japanese auto industry. Japanese auto plants escaped major damage from the earthquake and tsunami, but rolling blackouts triggered by stricken nuclear reactors have halted production. The Japanese auto shutdown is likely to affect Toyota the most. Toyota stock, as well as shares for other Japanese Read on! →
The Japanese auto industry is reeling from the biggest drop ever seen in the month of April, reports the Wall Street Journal. The March 11 earthquake and tsunami cut production and the supply chain of new cars, trucks and buses to dealers by 51 percent when compared with April totals from last year. The 108,824 Read on! →
Car prices are beginning what is predicted to be a prolonged upward climb in the wake of the Japan earthquake, tsunami and nuclear crisis. Factory shutdowns in Japan’s auto industry are disrupting the supply of Japanese-built cars and components for American cars. At the same time, demand for fuel-efficient vehicles is rising and car shoppers Read on! →