The Truth About Cars » earthquake http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Fri, 12 Feb 2016 18:54:02 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars » earthquake http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com While You Were Sleeping: Cheap Chevy Volt, Tesla and Fisker Do Things Online and Iran Wants F1 http://www.thetruthaboutcars.com/2015/05/sleeping-cheap-chevy-volt-tesla-fisker-things-online-iran-wants-f1/ http://www.thetruthaboutcars.com/2015/05/sleeping-cheap-chevy-volt-tesla-fisker-things-online-iran-wants-f1/#comments Mon, 04 May 2015 10:15:18 +0000 http://www.thetruthaboutcars.com/?p=1060562 Even though the first-generation Chevrolet Volt has had its price slashed every year since its debut, the next-generation range-extended electric vehicle will be priced even lower. This aims GM’s offering squarely at a number of more traditional hybrids. The battle over Sunday sales (Automotive News) In a case of “we like regulation when it helps […]

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Even though the first-generation Chevrolet Volt has had its price slashed every year since its debut, the next-generation range-extended electric vehicle will be priced even lower. This aims GM’s offering squarely at a number of more traditional hybrids. The battle over Sunday sales (Automotive News) In a case of “we like regulation when it helps […]

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Inside The Industry: An Unsung Hero Recalls How A Worldwide Crisis Was Averted http://www.thetruthaboutcars.com/2013/05/inside-the-industry-an-unsung-hero-recalls-how-a-worldwide-crisis-was-averted/ http://www.thetruthaboutcars.com/2013/05/inside-the-industry-an-unsung-hero-recalls-how-a-worldwide-crisis-was-averted/#comments Tue, 28 May 2013 15:46:29 +0000 http://www.thetruthaboutcars.com/?p=489776   After the March 11 monster earthquake and tsunami wiped out large parts of Japan, headlines focused on the near-meltdown of Fukushima. Recently, I learned that there was a strong likelihood of a worldwide economic meltdown, caused by a microchip factory 80 miles south of Fukushima. Here is the story of how the crisis was […]

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  After the March 11 monster earthquake and tsunami wiped out large parts of Japan, headlines focused on the near-meltdown of Fukushima. Recently, I learned that there was a strong likelihood of a worldwide economic meltdown, caused by a microchip factory 80 miles south of Fukushima. Here is the story of how the crisis was […]

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Japan’s Carmakers Plan For The Worst http://www.thetruthaboutcars.com/2012/08/japans-carmakers-plan-for-the-worst/ http://www.thetruthaboutcars.com/2012/08/japans-carmakers-plan-for-the-worst/#comments Thu, 30 Aug 2012 14:07:48 +0000 http://www.thetruthaboutcars.com/?p=458320 Japan’s carmakers are preparing for the next big one, and move to higher ground, says The Nikkei [sub]. Many Japanese car plants are near or next to the water, some on reclaimed land. Large level tracts are rare in Japan, and by building cars at the waterfront, the ship can  come to your loading dock.  […]

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Japan’s carmakers are preparing for the next big one, and move to higher ground, says The Nikkei [sub]. Many Japanese car plants are near or next to the water, some on reclaimed land. Large level tracts are rare in Japan, and by building cars at the waterfront, the ship can  come to your loading dock.  […]

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One Year After The Disaster, A Visit To A Symbol Of The Recovery: Toyota’s Prius C Plant http://www.thetruthaboutcars.com/2012/03/one-year-after-the-disaster-a-visit-to-a-symbol-of-the-recovery-toyotas-prius-c-plant/ http://www.thetruthaboutcars.com/2012/03/one-year-after-the-disaster-a-visit-to-a-symbol-of-the-recovery-toyotas-prius-c-plant/#comments Sun, 11 Mar 2012 15:04:19 +0000 http://www.thetruthaboutcars.com/?p=434511 Today, at 2:46 pm, Japan came to a stand-still, again. Trains and subways stopped. People did fold their hands, faced in the general direction of the northeastern coast of Tohoku, and said a silent prayer. Japan and the world marked the one year anniversary of the earthquake and tsunami that left whole towns razed, more […]

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Today, at 2:46 pm, Japan came to a stand-still, again. Trains and subways stopped. People did fold their hands, faced in the general direction of the northeastern coast of Tohoku, and said a silent prayer. Japan and the world marked the one year anniversary of the earthquake and tsunami that left whole towns razed, more […]

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After Two Floods, Honda Tanks, Nissan Soars http://www.thetruthaboutcars.com/2012/01/after-two-floods-honda-tanks-nissan-soars/ http://www.thetruthaboutcars.com/2012/01/after-two-floods-honda-tanks-nissan-soars/#comments Tue, 31 Jan 2012 12:02:46 +0000 http://www.thetruthaboutcars.com/?p=428732 When the March 11 tsunami hit, observers thought that of Japan’s major automakers, Honda would be the least exposed. Most of its global production already is outside of Japan. Very few cars that are produced in Japan are exported. Toyota and Nissan looked much more vulnerable. Distrust predictions: Today, Honda presented the results for the […]

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When the March 11 tsunami hit, observers thought that of Japan’s major automakers, Honda would be the least exposed. Most of its global production already is outside of Japan. Very few cars that are produced in Japan are exported. Toyota and Nissan looked much more vulnerable. Distrust predictions: Today, Honda presented the results for the […]

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Japanese New Car Market Worst In Decades http://www.thetruthaboutcars.com/2011/09/japanese-new-car-market-worst-in-decades/ http://www.thetruthaboutcars.com/2011/09/japanese-new-car-market-worst-in-decades/#comments Tue, 27 Sep 2011 14:15:53 +0000 http://www.thetruthaboutcars.com/?p=412691 The Japanese car market is in the midst of the worst crisis since 1978. The Japan Automobile Manufacturers Association expects auto sales in Japan to fall to a 34-year low in the current fiscal year that ends in March 2012. This as a result of the severe production drop, triggered by the March 11 earthquake […]

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The Japanese car market is in the midst of the worst crisis since 1978. The Japan Automobile Manufacturers Association expects auto sales in Japan to fall to a 34-year low in the current fiscal year that ends in March 2012. This as a result of the severe production drop, triggered by the March 11 earthquake […]

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Nissan’s Only Problem: Not Enough Cars http://www.thetruthaboutcars.com/2011/09/nissan%e2%80%99s-only-problem-not-enough-cars/ http://www.thetruthaboutcars.com/2011/09/nissan%e2%80%99s-only-problem-not-enough-cars/#comments Mon, 26 Sep 2011 13:53:23 +0000 http://www.thetruthaboutcars.com/?p=412575 Pronounced near-dead in 1999, Nissan has made a remarkable, but often unnoticed turn-around ever since. With little fanfare, the Yokohama company passed Honda as Japan’s second largest auto maker. In China, the land of car growth, Nissan sold 1.3 million cars last year, became largest Japanese brand and has expansion plans for 2.3 million.  Nissan […]

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Pronounced near-dead in 1999, Nissan has made a remarkable, but often unnoticed turn-around ever since. With little fanfare, the Yokohama company passed Honda as Japan’s second largest auto maker. In China, the land of car growth, Nissan sold 1.3 million cars last year, became largest Japanese brand and has expansion plans for 2.3 million.  Nissan […]

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Japanese Parts Paralysis, Take 2 http://www.thetruthaboutcars.com/2011/08/japanese-parts-paralysis-take-2/ http://www.thetruthaboutcars.com/2011/08/japanese-parts-paralysis-take-2/#comments Mon, 29 Aug 2011 09:23:58 +0000 http://www.thetruthaboutcars.com/?p=409096 Now that the effects of the March 11 tsunami are behind the Japanese auto industry, carmakers are pulling out all stops to make up for lost volume. Only to run into new problems: “Shortages of tires and other autoparts are a growing concern,” reports The Nikkei [sub]. The new shortage is tsunami-unrelated. Its reason: Bad […]

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Now that the effects of the March 11 tsunami are behind the Japanese auto industry, carmakers are pulling out all stops to make up for lost volume. Only to run into new problems: “Shortages of tires and other autoparts are a growing concern,” reports The Nikkei [sub]. The new shortage is tsunami-unrelated. Its reason: Bad […]

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Watch Out, Wolfsburg: Toyota Expects To Exceed 8 Million In 2011, Has Big Plans For Next Year http://www.thetruthaboutcars.com/2011/08/watch-out-wolfsburg-toyota-expects-to-exceed-8-million-in-2011-has-big-plans-for-next-year/ http://www.thetruthaboutcars.com/2011/08/watch-out-wolfsburg-toyota-expects-to-exceed-8-million-in-2011-has-big-plans-for-next-year/#comments Wed, 03 Aug 2011 07:17:30 +0000 http://www.thetruthaboutcars.com/?p=405431   The race for bragging rights amongst the top three promises to stay interesting throughout the year. Toyota just issued new forecasts which pegs global production across all Toyota Motor Corp. brands at 8.04 million. This should worry Wolfsburg. Volkswagen was seen as the clear number 2 after GM in the 2011 race. Now matters […]

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  The race for bragging rights amongst the top three promises to stay interesting throughout the year. Toyota just issued new forecasts which pegs global production across all Toyota Motor Corp. brands at 8.04 million. This should worry Wolfsburg. Volkswagen was seen as the clear number 2 after GM in the 2011 race. Now matters […]

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Toyota’s Financials Hit By Earthquake http://www.thetruthaboutcars.com/2011/08/toyotas-financials-hit-by-earthquake/ http://www.thetruthaboutcars.com/2011/08/toyotas-financials-hit-by-earthquake/#comments Tue, 02 Aug 2011 13:33:10 +0000 http://www.thetruthaboutcars.com/?p=405142 Toyota today announced financial results for the quarter ended June 30, 2011. It was the first full quarter after the March 11 earthquake and tsunami which severely affected production and sales at home and abroad. The results reflect this. On a consolidated basis, net revenues for the first quarter were 3,441 billion yen ($44.4 billion), […]

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Toyota today announced financial results for the quarter ended June 30, 2011. It was the first full quarter after the March 11 earthquake and tsunami which severely affected production and sales at home and abroad. The results reflect this. On a consolidated basis, net revenues for the first quarter were 3,441 billion yen ($44.4 billion), […]

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This Is A Tsunami Wave http://www.thetruthaboutcars.com/2011/07/this-is-a-tsunami-wave/ http://www.thetruthaboutcars.com/2011/07/this-is-a-tsunami-wave/#comments Fri, 29 Jul 2011 13:27:45 +0000 http://www.thetruthaboutcars.com/?p=404703 The Japanese auto industry slowly but surely is clawing back from the abyss created by one of the worst disasters that were visited upon the island nation. Following the March 11 earthquake and tsunami, the industry had crashed. Three months later and earlier than thought, the industry is at near pre-disaster levels. Data released by […]

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The Japanese auto industry slowly but surely is clawing back from the abyss created by one of the worst disasters that were visited upon the island nation. Following the March 11 earthquake and tsunami, the industry had crashed. Three months later and earlier than thought, the industry is at near pre-disaster levels. Data released by […]

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Japanese Auto Industry Loses 1.4 Million Units – Nissan Walks Away Unharmed http://www.thetruthaboutcars.com/2011/07/japanese-auto-industry-loses-1-4-million-units-%e2%80%93-nissan-walks-away-unharmed/ http://www.thetruthaboutcars.com/2011/07/japanese-auto-industry-loses-1-4-million-units-%e2%80%93-nissan-walks-away-unharmed/#comments Mon, 25 Jul 2011 13:22:20 +0000 http://www.thetruthaboutcars.com/?p=404165 Today is the day when the Japanese majors announce domestic and global data for June and the half year. A little more than three months ago, a massive earthquake, followed by a devastating tsunami, paralyzed much of Japan’s infrastructure. It could not have come at a more inopportune time. The Japanese auto industry was already […]

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Today is the day when the Japanese majors announce domestic and global data for June and the half year. A little more than three months ago, a massive earthquake, followed by a devastating tsunami, paralyzed much of Japan’s infrastructure. It could not have come at a more inopportune time. The Japanese auto industry was already […]

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Japanese Parts Paralysis: Bad Bets With Chips http://www.thetruthaboutcars.com/2011/07/japanese-parts-paralysis-bad-bets-with-chips/ http://www.thetruthaboutcars.com/2011/07/japanese-parts-paralysis-bad-bets-with-chips/#comments Thu, 21 Jul 2011 15:55:42 +0000 http://www.thetruthaboutcars.com/?p=403784 Why was Honda as much hit as Toyota by the March11 earthquake and tsunami? Doesn’t Honda have the bulk of its production outside of Japan? How could Nissan avoid most of the damage, even with an engine factory close to Fukushima? It was a bit like a roulette game, and it involved a lot of […]

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Why was Honda as much hit as Toyota by the March11 earthquake and tsunami? Doesn’t Honda have the bulk of its production outside of Japan? How could Nissan avoid most of the damage, even with an engine factory close to Fukushima? It was a bit like a roulette game, and it involved a lot of […]

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Suzuki Moves Away From The Water – But Will It Have Power? http://www.thetruthaboutcars.com/2011/07/suzuki-moves-away-from-the-water-%e2%80%93-but-will-it-have-power/ http://www.thetruthaboutcars.com/2011/07/suzuki-moves-away-from-the-water-%e2%80%93-but-will-it-have-power/#comments Fri, 08 Jul 2011 16:30:32 +0000 http://www.thetruthaboutcars.com/?p=401930 Suzuki is not buying into the „once in a millennium tsunami.” Suzuki has a lot of its production near the waterfront in Japan’s Tokai region. Scientists give the area between Toyko and Nagoya an 87 percent chance of getting hit by an earthquake with a magnitude of about 8 within the next 30 years. Suzuki’s […]

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Suzuki is not buying into the „once in a millennium tsunami.” Suzuki has a lot of its production near the waterfront in Japan’s Tokai region. Scientists give the area between Toyko and Nagoya an 87 percent chance of getting hit by an earthquake with a magnitude of about 8 within the next 30 years. Suzuki’s […]

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Tsunami Aftereffects: Toyota’s Production Drops 44.7 Percent In May http://www.thetruthaboutcars.com/2011/06/tsunami-aftereffects-toyota%e2%80%99s-production-drops-44-7-percent-in-may/ http://www.thetruthaboutcars.com/2011/06/tsunami-aftereffects-toyota%e2%80%99s-production-drops-44-7-percent-in-may/#comments Tue, 28 Jun 2011 13:34:50 +0000 http://www.thetruthaboutcars.com/?p=400719 Toyota’s Japan  production (all vehicles and brands) slumped 46.5 percent in May to 156,379 units. Overseas production did not fare much better, falling 43.3 percent to 196,073 units. All in all, Toyota’s global production plummeted 44.7 percent in May to just 352,452 units. Could it be any worse? Yes, it can:  Exports from Japan cratered […]

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Toyota’s Japan  production (all vehicles and brands) slumped 46.5 percent in May to 156,379 units. Overseas production did not fare much better, falling 43.3 percent to 196,073 units. All in all, Toyota’s global production plummeted 44.7 percent in May to just 352,452 units. Could it be any worse? Yes, it can:  Exports from Japan cratered […]

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Want A Prius? Take A Number http://www.thetruthaboutcars.com/2011/06/want-a-prius-take-a-number/ http://www.thetruthaboutcars.com/2011/06/want-a-prius-take-a-number/#comments Wed, 22 Jun 2011 18:01:47 +0000 http://www.thetruthaboutcars.com/?p=399877 The Japanese auto industry might come back to much normal faster that thought. But then there is shippiing. It takes a while to float a few thousand cars across the Pacific. Now add high gas prices and a high demand for fuel efficient cars and you have the reason why Edmunds reports that the U.S. […]

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The Japanese auto industry might come back to much normal faster that thought. But then there is shippiing. It takes a while to float a few thousand cars across the Pacific. Now add high gas prices and a high demand for fuel efficient cars and you have the reason why Edmunds reports that the U.S. […]

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Toyota U.S.A. Back To 100 Percent In September http://www.thetruthaboutcars.com/2011/06/toyota-u-s-a-back-to-100-percent-in-september/ http://www.thetruthaboutcars.com/2011/06/toyota-u-s-a-back-to-100-percent-in-september/#comments Thu, 16 Jun 2011 19:40:52 +0000 http://www.thetruthaboutcars.com/?p=399096 Yesterday, we reported that the Japanese auto industry is recovering  faster than previously assumed from the effects of the March 11 tsunami. Overseas factories were expected to be affected for several more months while the problems work themselves through the long supply pipeline from Japan.  Much to everybody’s surprise, the situation is improving at a […]

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Yesterday, we reported that the Japanese auto industry is recovering  faster than previously assumed from the effects of the March 11 tsunami. Overseas factories were expected to be affected for several more months while the problems work themselves through the long supply pipeline from Japan.  Much to everybody’s surprise, the situation is improving at a […]

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Japan’s Automakers Recover Faster From Tsunami http://www.thetruthaboutcars.com/2011/06/japan%e2%80%99s-automaker-recover-faster-from-tsunami/ http://www.thetruthaboutcars.com/2011/06/japan%e2%80%99s-automaker-recover-faster-from-tsunami/#comments Wed, 15 Jun 2011 10:55:51 +0000 http://www.thetruthaboutcars.com/?p=398791 Japan’s major automakers appear to recover faster from the impact of the March 11 tsunami than previously feared (or hoped.) Nissan’s Executive Vice President Takao Katagiri said today that Nissan’s Japanese vehicle production in May was the same or greater than its output in the same month in the previous year. “We will also probably […]

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Japan’s major automakers appear to recover faster from the impact of the March 11 tsunami than previously feared (or hoped.) Nissan’s Executive Vice President Takao Katagiri said today that Nissan’s Japanese vehicle production in May was the same or greater than its output in the same month in the previous year. “We will also probably […]

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Tsunami Trauma: Honda Forecasts Heavy Hit On Results http://www.thetruthaboutcars.com/2011/06/tsunami-trauma-honda-forecasts-heavy-hit-on-results/ http://www.thetruthaboutcars.com/2011/06/tsunami-trauma-honda-forecasts-heavy-hit-on-results/#comments Tue, 14 Jun 2011 12:44:47 +0000 http://www.thetruthaboutcars.com/?p=398533 Honda joins other Japanese automakers in a delayed post-tsunami forecast. Percentage-wise, Honda expects to be much harder hit than Toyota. Honda expects a net profit of 195 billion yen ($ 2.43 billion) when the current fiscal year ends in March 2012.through March. Last year,  there were 534 billion yen ($6.65 billion) left below the bottom […]

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Honda joins other Japanese automakers in a delayed post-tsunami forecast. Percentage-wise, Honda expects to be much harder hit than Toyota. Honda expects a net profit of 195 billion yen ($ 2.43 billion) when the current fiscal year ends in March 2012.through March. Last year,  there were 534 billion yen ($6.65 billion) left below the bottom […]

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Toyota’s Forecast: The Tsunami Won’t Kill Us, But The Yen Might http://www.thetruthaboutcars.com/2011/06/toyota%e2%80%99s-forecast-the-tsunami-won%e2%80%99t-kill-us-but-the-yen-might/ http://www.thetruthaboutcars.com/2011/06/toyota%e2%80%99s-forecast-the-tsunami-won%e2%80%99t-kill-us-but-the-yen-might/#comments Fri, 10 Jun 2011 18:46:29 +0000 http://www.thetruthaboutcars.com/?p=398147 Today, Toyota finally delivered its delayed outlook for this fiscal year. It usually is delivered at the annual results conference, but the tsunami had muddled the waters, so to speak. Now, Toyota has a bit more visibility. Today, Toyota did forecast a 35 percent fall in profit for the fiscal year ending March 31, 2012. […]

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Today, Toyota finally delivered its delayed outlook for this fiscal year. It usually is delivered at the annual results conference, but the tsunami had muddled the waters, so to speak. Now, Toyota has a bit more visibility. Today, Toyota did forecast a 35 percent fall in profit for the fiscal year ending March 31, 2012. […]

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Japan’s Government Wants Standardized Autoparts http://www.thetruthaboutcars.com/2011/06/japan%e2%80%99s-government-wants-standardized-autoparts/ http://www.thetruthaboutcars.com/2011/06/japan%e2%80%99s-government-wants-standardized-autoparts/#comments Fri, 10 Jun 2011 16:15:39 +0000 http://www.thetruthaboutcars.com/?p=398136 When I stopped working for Volkswagen in 2005, they had some 400,000 parts, or “numbers” as they are called in industry parlance, in their central warehouse in Kassel. With each car, the number climbed higher. On the other hand, some 5 percent were usually out of stock. The launch of each car caused raw nerves […]

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When I stopped working for Volkswagen in 2005, they had some 400,000 parts, or “numbers” as they are called in industry parlance, in their central warehouse in Kassel. With each car, the number climbed higher. On the other hand, some 5 percent were usually out of stock. The launch of each car caused raw nerves […]

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Japanese Automakers And Unions To Government: Lower Then Yen, Or We are Out Of Here http://www.thetruthaboutcars.com/2011/06/japanese-automakers-and-unions-to-government-lower-then-yen-or-we-are-out-of-here/ http://www.thetruthaboutcars.com/2011/06/japanese-automakers-and-unions-to-government-lower-then-yen-or-we-are-out-of-here/#comments Thu, 09 Jun 2011 14:20:49 +0000 http://www.thetruthaboutcars.com/?p=397939 In an (especially for Japanese tastes) strongly worded joint statement, Toshiyuki Shiga. Chairman of  Japan Automobile Manufacturers Association, and Koichiro Nishihara, President of the Confederation of Japan Automobile Workers’ Unions threw down the gauntlet to the Japanese government. Executive summary: “We are sick as hell of the high yen and we can’t take it anymore. […]

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In an (especially for Japanese tastes) strongly worded joint statement, Toshiyuki Shiga. Chairman of  Japan Automobile Manufacturers Association, and Koichiro Nishihara, President of the Confederation of Japan Automobile Workers’ Unions threw down the gauntlet to the Japanese government. Executive summary: “We are sick as hell of the high yen and we can’t take it anymore. […]

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Germans Trump Lexus In Japan. And Bloomberg Blows It Bigtime http://www.thetruthaboutcars.com/2011/06/germans-trump-lexus-in-japan-and-bloomberg-blows-it-bigtime/ http://www.thetruthaboutcars.com/2011/06/germans-trump-lexus-in-japan-and-bloomberg-blows-it-bigtime/#comments Tue, 07 Jun 2011 13:40:07 +0000 http://www.thetruthaboutcars.com/?p=397679 Japan’s March 11 tsunami had more destructive effects than just washing pint-sized (ok, ok, 0.6 liter sized) kei cars to the top of Japan’s sales charts. It also resulted in considerable menboku o tsubusu (literally “breaking of face”, dishonor) for Lexus. On its home-turf Japan, Toyota’s lux-brand was outsold by doitsu (German) BMW, even by […]

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Japan’s March 11 tsunami had more destructive effects than just washing pint-sized (ok, ok, 0.6 liter sized) kei cars to the top of Japan’s sales charts. It also resulted in considerable menboku o tsubusu (literally “breaking of face”, dishonor) for Lexus. On its home-turf Japan, Toyota’s lux-brand was outsold by doitsu (German) BMW, even by […]

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Japanese Auto Industry: We’re Baaaaack! http://www.thetruthaboutcars.com/2011/06/japanese-auto-industry-were-baaaaack/ http://www.thetruthaboutcars.com/2011/06/japanese-auto-industry-were-baaaaack/#comments Thu, 02 Jun 2011 11:21:55 +0000 http://www.thetruthaboutcars.com/?p=397122   Fresh indications that the Japanese auto industry is getting back on is feet faster than thought. Honda and Toyota were – in numbers of cars not produced – hardest hit by the ripple-effect of the March 11 tsunami. Both originally thought they would not be back to normal before year’s end.  Today, The Nikkei […]

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  Fresh indications that the Japanese auto industry is getting back on is feet faster than thought. Honda and Toyota were – in numbers of cars not produced – hardest hit by the ripple-effect of the March 11 tsunami. Both originally thought they would not be back to normal before year’s end.  Today, The Nikkei […]

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Quote Of The Day: Japan’s Downgrade Raises All Ships http://www.thetruthaboutcars.com/2011/05/quote-of-the-day-japan%e2%80%99s-downgrade-raises-all-ships/ http://www.thetruthaboutcars.com/2011/05/quote-of-the-day-japan%e2%80%99s-downgrade-raises-all-ships/#comments Tue, 31 May 2011 07:19:50 +0000 http://www.thetruthaboutcars.com/?p=396788 Amazing quote in today’s Nikkei [sub]: “Shares in Toyota Motor Corp. gained further ground Tuesday afternoon, after Moody’s Investors Service Inc. said during the lunch break it may downgrade Japan’s sovereign debt ratings.” Welcome to the wicked world of global economics. The market is betting that the downgrade will make the yen cheaper (it did, […]

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Amazing quote in today’s Nikkei [sub]: “Shares in Toyota Motor Corp. gained further ground Tuesday afternoon, after Moody’s Investors Service Inc. said during the lunch break it may downgrade Japan’s sovereign debt ratings.” Welcome to the wicked world of global economics. The market is betting that the downgrade will make the yen cheaper (it did, […]

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