Plant shutdowns in Japan continue to disrupt U.S. auto industry
The auto industry disruptions triggered by Japan's earthquake and tsunami are about to get worse, the Associated Press reports. From the AP:
In the weeks ahead, car buyers will have difficulty finding the model they want in certain colors, thousands of auto plant workers will likely be told to stay home, and companies such as Toyota, Honda and others will lose billions of dollars in revenue. More than two weeks since the natural disaster, inventories of crucial car supplies - from computer chips to paint pigments – are dwindling fast as Japanese factories that make them struggle to restart.
Because parts and supplies are shipped by slow-moving boats, the real drop-off has yet to be felt by factories in the U.S., Europe and Asia. That will come by the middle of April.
Michigan Radio's Tracy Samilton first reported on how the natural disasters in Japan could disrupt the U.S. auto industry on March 11th.