Monday, March 21, 2011

CTV: Japan’s auto production losses to rise as suppliers are affected

Japan auto makers in the first two weeks after the March 11 earthquake and tsunami will lose about 65 per cent in light vehicle production, industry consultant IHS Automotive Insight said Monday in a report.

Japan output is normally about 37,200 vehicles per day, or about 521,000 in a two-week period. IHS said that nearly 338,000 vehicles of that production through Friday will have been lost.