Thai Flood: Nissan Lucky Again
November 3rd, 2011 9:11 AM
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When the March 11 tsunami hit, Nissan was first to recover. This was caused by quick reaction and sheer luck. Now that Japanese carmakers are under water in Thailand, it looks like Nissan will emerge relatively unscathed again. The Nikkei [sub] reports that Nissan plans to resume partial production in Thailand from November 14.
Others are less fortuitous. 120 suppliers are reported as flooded and another 120 are at risk of drowning. Toyota has scaled down production in Japan and several other countries. Honda is hit hardest. Its assembly plant in Ayutthaya Province is under six feet of water. Honda fears it will not be able to resume production until next spring.
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Hard disk manufacturers got hammered, too. Seagate, Western Digital, and Toshiba all lost plants that make disk platters, and prices have doubled and are still going up. What other industries got hammered, here? Must have been a few.
GM got affected too. They have suspended production for the Sonic which according to GM is currently their fastest selling car taking just 11 days to sell.