Nissan shuts Down

christian370z

Just read an article saying how Honda alone has roughly 113 suppliers and hasn't even been able to make contact with 44 of them. Pretty incredible, I'm sure the other Japanese manufacturers are having similar woes.

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kenchan

yah, those 113 suppliers also have another set of suppliers and those have another set of suppliers, etc. etc.

at the end, there are thousands of companies supplying materials to build one car.

mdezz

how do you know that? And is that the plant that makes the Z ?

OldGuy

However, Japan may have to sell many of the US Treasury Bonds it holds to raise money for its rebuild. That will increase the supply of US Treasuries abroad and require us to pay higher interest to those who buy new issues of US Treasuries from us hereafter, all increasing our debt service expense and our budget deficit. This catastrophe is no good for any one.

mspeasl

I am 70 years old and was around back then. Can you say WAR BONDS" that were repaid over a 20 years period..........!

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MC

nissan japan has been putting out press releases..

yes its the same factory... they confirmed this afternoon that Infiniti's GT-Rs and 370zs were subject to a shipping delay..

also as most know already 1300 cars were destroyed from that plant at the shipping yard... mostly infinitis but some 370zs..

http://www.nagtroc.org/forums/index.php?showtopic=49031

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cossie1600

It's all a figure at the end of the day. Would you want billions of people out of work with no job or enough to go around to shut their pieholes? We are not in some primary or secondary economy, we can't self sustain without the use of debt to trade. It's just the nature of the beast.

jazz

indeed, this is the plant the builds the 370z.

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Da.Menace

Actual Nissan shipyard/storage

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sucasa

I would agree with this gentleman.

Nismo89

ive heard that the crisis over in japan will pinch the US consumers but from what ive read of the article on yahoo, the Nissan Z wasnt mentioned as being effected in anway..

from gas to gadgets japan's disaster means higher prices: Tech Ticker, Yahoo! Finance

cause to worry? increasing rates exc..

dad

May be a repost, not sure. But 2,300 Nissan and Infiniti's are history.
http://www.autonews.com/apps/pbcs.dl...303129977/1117

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Red__Zed

Holy crap that's crazy

dad

Update- unless someone has already posted.



03.16.2011 , FRANKLIN, Tenn.
UPDATED STATEMENT REGARDING STATUS OF JAPANESE EARTHQUAKE AND IMPACT ON NISSAN AMERICAS OPERATIONS


The following statement will serve as the latest update on Nissan Americas operations following the earthquake in Japan and is complementary to an update provided by Nissan Motor Co., Ltd. earlier today. All updates included within are current as of today’s date. As the situation continues to develop Nissan Americas will provide routine updates as appropriate.

Employees
•Nearly all Nissan Americas employees traveling in Japan on business have returned to their home countries. The few remaining Nissan Americas travelers in the country are scheduled to return no later than March 19.
•We have confirmed the safety of all expat employees and their families in Japan and we continue to stay in close contact with these individuals. Currently, all business travel to Japan has been suspended. Nissan is aware that a number of national governments have recommended their citizens consider leaving the greater Tokyo area or Japan entirely. Nissan is working with each Americas employee regarding their own personal choices and will fully support their decision to stay or leave.
Earthquake Relief Efforts
•In response to the devastating earthquake and tsunami that severely damaged Japan, Nissan Americas has pledged $1 million (¥80 million) to the American Red Cross in relief effort support for the country. This contribution will be supported by all five of Nissan Americas main markets (U.S., Canada, Mexico, Brazil and Latin America.)
•Immediate $500,000 (¥40 million) cash donation to the American Red Cross plus Nissan will match, dollar for dollar, total contributions raised by our online visitors (employees, retirees, dealers, suppliers and customers) up to $500,000 (¥40 million).
•"Recovery in Japan will be very difficult and will take some time to accomplish after a disaster of this magnitude," said Carlos Tavares, chairman, Nissan Americas. "Nissan wants to do our part to immediately help the citizens of Japan during their time of critical need."
•Including the $1 million (¥80 million) committed by Nissan Americas, Nissan’s global contributions will reach more than $3.75 million (¥400,000,000 million) in cash and in-kind contributions to support earthquake relief efforts. This includes global and regional corporate donations, employee gift matching, as well as the provision of 50 vehicles to support aid agencies in the affected areas of Japan.
Facilities/Production
•All Nissan Americas manufacturing facilities remain operational and will continue to operate on a planned production schedule until further notice.
•Although all plants in Japan, except for the Iwaki engine plant, have been able to repair some damaged facilities and/or equipment, it is still taking time to arrange delivery of parts from our suppliers.
•As for the Iwaki engine plant, with aftershocks still heavily impacting the region, restoration activities are expected to take longer than at other plants.
•Our operations schedule will be as follows:
- Oppama Plant, Tochigi Plant, Yokohama Plant and Nissan Shatai are suspending operations until Sunday, March 20 (Note: Part of the Yokohama Plant resumed operations on March 13.)
- Kyushu Plant and Nissan Shatai Kyushu are resuming production on Thursday, March 17, and Friday, March 18, while inventory of supplies lasts. However, operations after Saturday March 19 are yet to be decided.
- Nissan’s JATCO’s Fuji Plant and Fujinomiya Plant, which manufactures transmissions, have reported partial damage to its buildings and equipment. Operations have been suspended and damage is currently being assessed.
Vehicle Stock / Sales Impact
•Nearly 70 percent of the vehicles Nissan Americas sells in the region are produced in the region and manufacturing operations are continuing to operate on a normal schedule.
•Due to an approximately 50 days’ supply of vehicle stock on the ground in the region or already in transit from Japanese ports, Nissan Americas does not anticipate any near-term impact on sales or vehicle availability.
•Approximately 1,300 Infiniti vehicles were damaged in port in Japan due to the earthquake/tsunami, which equates to less than a few days’ supply for the brand. Historically, Infiniti keeps an approximately 20,000 unit inventory in the U.S., so this unit loss is expected to be made up over the next several months.
As the situation continues to develop Nissan Americas will provide routine updates as appropriate.

Nissan/Infiniti News Room

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