Nissan shuts Down
 

Just read where Nissan is shutting down four of its factories until they can get parts.Have to feel bad for the people there... Wonder what impact this will have on the cost of a new 370 or that matter a used one................

Plants are only shut down for yesterday and today. To be re-assessed to reopen tomorrow (Monday). The quake and tsunamis' effects on Nissan was minor.

Nissan/Infiniti News Room

Thank you for this I found this very informative Im watching the status of the Nissan factories as I have just placed an order.

Yah, they are on controlled black outs to save electricity so production will be disrupted.

a japanese car blog i was reading stated that production might not resume for 14 days

This earthquake and tsunami will cause some serious damage to Japan's already fragile and stagnant economy unfortunately, a real shame for them. It'll be interesting if the US will decide to help them in that regard especially as they are one of the largest holders of our national debt.

It's not always the case. The rebuild of infrastructure and manufacturing goes back to the local economy. WWII dug US out of the great depression.

Companies and the government still have to pay for the clean up and rebuilding efforts while there are workers and companies paid to work. It all evens out I guess, but time will tell how Japan recovers I think.

Dont they have more factory in Tokyo? They shouldn't stop working just because one of their small town is destoryed....:mad:

From nissan press release:

Tochigi Plant, Iwaki Plant
Suspending operations until Friday, March 18


which is where 370z are manufactured, i think.

yah, not so easy. you're talking about thousands of suppliers that sell product to nissan. one missing part and you got no car.

also they are under routine power outages, container yards are a mess, freight schedules are a mess, etc.

time you learn about supplychain management before posting crap like this.

Common misconception. Many people believe disasters boost the economy, but they generally harm it, and hamper efforts to improve things.

On paper, things appear to be getting better, due to job creation, inflated GDP, etc, but most good economists would disagree.

Occasionally, war or disaster will spark a recovery by forcing people to act immediately, but it usually would have been a more substantial growth without the war to instigate it.

Natural disasters are much the same way, with Katrina boosting LA's numbers on paper, but obviously not actually helping them get ahead.

wars and catostrophes do not boost economic output.

as far as the depression being ended by WWII is a false misconception. The war decreased the unemployment rate and caused the US growth rate to increase substantially, but only due to war spending. this spending was taken in the form of debt. our natonal debt grew from some $72b to over $250b due to war.

i dont feel like getting into details, being that I am at work (as an economist)...

Togichi Plant might resume production as soon as Friday the 18th

Also US infrastructure wasn't destroyed by WWII (Pearl Harbor wasn't industrial infrastructure). Now, everyone else's infrastructure being destroyed and you being left as the world's supplier for everything certainly does help. Case in point post WWII USA.

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.

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.

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

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.

War bonds"..........!
 

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

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

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.

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

http://www.automotorblog.com/wp-cont...-car-fleet.jpg
Actual Nissan shipyard/storage

I would agree with this gentleman.

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..

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

:eek:

Holy crap that's crazy

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