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Friday July 20, 1:07 PMNissan, Honda to cut Monday output on supply woesTOKYO, July 20 (Reuters) - Nissan Motor Co. Ltd. said it would halt production on Monday at all of its plants while Honda Motor Co. Ltd. plans to stop output at three factories after an earthquake cut supplies from a parts maker.All eight of Japan's carmakers have announced some domestic production shutdowns this week because of the supply problems at Riken Corp. which makes piston rings and seal rings for transmission parts. Tokyo-based Riken said late on Thursday it was "doing everything possible" to resume partial production early next week once it finishes inspecting and testing the plants' equipment. It plans to release another update later on Friday. The car assemblers plan to make up for lost output in August or later, and analysts said they expect little long-term impact on their business. In addition to stopping production at three assembly plants, Honda said it would also halt output from a motorcycle line at another factory and from an engine line at a separate line. The 6.8 magnitude quake on Monday killed 10 people and damaged homes and factories in northwestern Japan. |
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