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Production screeched to a halt for several Italian automakers including Lamborghini after earthquakes shook the country starting May 20. Finally, Lamborghini is offering insight to how its line was actually affected by the disaster. Continue Reading...
Ferrari announced a charity auction last week after the earthquakes that rocked Italy starting May 20 affected families, compromised homes and even shut down the automaker’s production. Continue Reading...
Earthquakes that have rocked Italy since May 20 claimed at least 16 lives since they started, but Ferrari is trying to help ease the pain by holding a charity auction and directing the proceeds to the victims’ families. Continue Reading...
Take a good look at this car, because if you were next to it at a stop light there’s a good chance it would beat you off the line by a long shot. It’s the SIM-LEI EV, built by the SIM Company, founded in 2009 at Japan’s Keio University. What separates it from the other EVs on the block is SIM’spreference to… Continue Reading...
If you thought the risk of buying a flood car after Hurricane Katrina was serious, imagine having your health threatened just from being near the car. That’s exactly what’s been happening in Japan, where unsuspecting consumers are being sold dangerously radioactive cars that belonged to people living in Fukushima and the surrounding area after the… Continue Reading...
A fearless driver captured footage of the March 11 tsunami from inside his car. Yu Muroga was driving to work the morning of the March 11 disaster, when he filmed the destruction on the city streets. Some drivers made a run for it while other drivers stayed inside. There was likely a higher probability of… Continue Reading...
Japan’s wealthy elite brought out their wallets this past weekend for a more than worthy cause; rebuilding the country they call home. At an event hosted by Ferrari Chairman Luca di Montezemolo and attended by Italian ambassador Vincenzo Petrone and Japanese Minister of Industry Banri Kaieda, a total of $724,000 was raised to help the… Continue Reading...
Mazda has officially announced that the assembly plants in Japan are back to normal operational levels. The Japanese automaker predicts that it will be able to achieve a domestic production volume of 900,000 units during the current fiscal year (April 2011- March 2012). The company is also predicting sales revenue of 2.19 trillion yen based… Continue Reading...
Toyota and Honda plan to hire as many as 5,000 temporary workers in Japan for the first time in more than a year as the automotive industry recovers from the March 11 earthquake. Toyota will be hiring between 3,000 and 4,000 temporary workers from mid-July as the company plans to increase production in October. This… Continue Reading...
The Japanese Earthquake disaster of March 11, 2011, has wreaked havoc all around the world and has affected Volkswagen by interrupting supply of their backup cameras. Consumers that want a rear view camera fitted to their VW may have to wait for shipments to resume. The VW models affected include the CC Lux Plus, Lux… Continue Reading...
North American Honda production will return to normal in August, earlier than expected, the company announced in a statement today. The Japanese automaker has accelerated their recovery following the March 11th earthquake and tsunami in Japan. Every Honda model will resume regualar production in August, except the 2012 Civic. The company expects full production… Continue Reading...
The U.S National Highway Traffic Safety Administration has closed its investigation into the power steering system in the 2009-2010 Toyota Corolla with no defects found. Furthermore, the NHTSA also said Toyota’s electronic throttles were not to blame for the 2009-2010 recall fiasco. However, Toyota is still dealing with major setbacks with the parts shortage caused… Continue Reading...
Honda has scheduled the June 16 release of its all new Fit Shuttle. The new station-wagon-like variant of the popular Fit subcompact will be offered with both a regular 4-cylinder engine or a hybrid version, the Nikkei business daily reported. Increased production at the Suzuka factory in Mie Prefecture began in early May and has progressed enough… Continue Reading...
Nissan is looking to strengthen some key plants in an effort to minimize damage from future earthquakes starting with the heavily damaged Iwaki engine plant in the Fukushima prefecture. The Iwaki plant is being repaired ahead of schedule, receiving a reinforced foundation costing $37 million USD. Carlos Ghosn, CEO of Renault and Nissan, stated that the… Continue Reading...
The upcoming Toyota Prius V, a pseudo-minivan version of Toyota’s wildly popular Prius hybrid, may be delayed for up to a year because of battery shortages resulting from the March 11th earthquake and tsunami in Japan. Toyota initially planned to launch the vehicle in April, but the resulting supply chain issues have thrown their plans… Continue Reading...
If there’s anything Toyota execs can be happy about for the most recent quarter, it’s that for them it’s Q4, marking an end to what has been a troubling 12 months for the Japanese auto giant. Just released data shows Toyota Q4 profit fell off a cliff, dropping 77 percent to “just” $314 million. The… Continue Reading...
Toyota Canada has cut its sales projections by a third and warned dealers that the supply of new vehicles is starting to be choked off as the company feels the effects of the March 11th earthquake that rocked northern Japan. While Toyota sent two memos to dealers regarding the revised sales forecast, the company refused… Continue Reading...
Honda will delay the launch of their next generation CR-V crossover due to continued production delays, and supplies of their 2012 Civic will also be delayed as Honda’s North American production continues to run at well below capacity amid the after effects of Japan’s natural disasters. In a letter to Honda’s dealers, U.S. executive vice-president… Continue Reading...
Hyundai boosted its quarterly profit by 46 percent, and managed to outsell Honda, whose production was hampered by the earthquake and tsunami that hit Japan in March. Hyundai managed to sell 919,000 units in the quarter, compared to 860,000 for Honda. Honda’s earnings, output and total sales were down markedly, in line with other Japanese… Continue Reading...
Like other Japanese automakers, Toyota continues to be affected deeply by the earthquake and tsunami in Japan. Now the company is saying that it will be at least 6 months before they can resume production at levels before the disasters. By November, Toyota is hoping that production, both overseas and American, will return to normal—with… Continue Reading...
Nearly 5 months in to the calendar year, Lexus has admitted that it will not be able to sustain its lead in the luxury car sales race, due to tight supplies of vehicles and parts from Japan. With dealers down to a 30 day supply of cars (compared to a usual 60 or 90 day… Continue Reading...
General Motors is set to become the world’s largest automaker yet again, reclaiming the title from Toyota, whose operations have been hit hard by a production slowdown brought on by Japan’s natural disasters. With only a 30,000 vehicle gap in sales between the two companies at the end of 2010, GM should easily reclaim the… Continue Reading...
Dealers may be in for an arduous summer as Japan’s auto parts shortage is on track to choke off new vehicle deliveries for months, with dealers potentially receiving no new vehicles until September. The best case scenario will be a resumption of production on May 9th, after Japan’s traditional holiday break. But manufacturers are still unable to… Continue Reading...