SOURCE: Industrial Info Resources

Industrial Info Resources

March 21, 2011 07:15 ET

Japanese Automotive Parts Shortages Affecting Production, Inventory, Pricing in U.S., an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - March 21, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- More than a week after a massive earthquake and tsunami ravaged parts of Japan, the effects of the associated shutdown of automotive manufacturing capacity across the Pacific is hitting home here in the United States. The entire U.S. automotive sector has been following the recovery progress in Japan closely. Numerous parts for nearly every vehicle assembled in the U.S. come from Japan, and access to those parts has, naturally, dried up as a result of the disaster.

Toyota Motor Corporation (NYSE:TM) (Toyota City, Japan) has extended the shutdowns of its automotive assembly plants in Japan through March 22 as a result of the disaster. Nissan Motor Company (PINK:NSANY) (Yokohama, Japan) is attempting to restart production, provided the supply of parts holds out. Honda Motor Company Limited (NYSE:HMC) (Tokyo, Japan) is doing the same.

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