TOKYO (AP) _ Japanese automakers, including No. 1 Toyota Motor
Corp., called production halts Wednesday at factories in Japan
because of quake damage at a major parts supplier.
The temporary closure of auto parts maker Riken Corp.'s plant at
Kashiwazaki city, near the epicenter of Monday's magnitude-6.8
quake, has forced Toyota, Nissan Motor Co. Mitsubishi Motors Corp.
and Fuji Heavy Industries to scale back production.
Toyota, Japan's top automaker, will stop production lines at a
dozen factories centred in central Aichi prefecture Thursday
afternoon and all day Friday, said Toyota spokesman Paul Nolasco.
The company will assess the situation at Riken, supplier of key
transmission and engine parts to Toyota, before deciding whether to
resume production on Monday, he said.
Nolasco said it was ``too early to tell'' whether the halt would
affect deliveries to domestic and overseas dealers.
Tom Libby, J.D. Power and Associates' senior director of industry
analysis, said customers shouldn't notice the shutdown because
Toyota likely has sufficient inventory to cover a few days of lost
production.
``I don't think their inventory is that tight. I think they'll be
able to adjust and probably make up for it afterwards,'' Libby said.
He said he was unsure of the impact if the shutdown lasts beyond
the end of the week.
For now, it should have minimal impact on U.S. customers because
Toyota has sufficient inventory on hand, said Mona Richard, a
company spokeswoman in Detroit.
Toyota, which makes the top-selling Camry and other models in
America, currently has no plans to increase North American
production. The parts plant that caused the shutdown in Japan
supplies only Japanese plants, Richard said.
Nissan Motor Co. said Wednesday it was also halting some
production lines at two factories on the main island of Honshu for
at least two days starting Friday because of supply delays from
Riken.
But Nissan expected to quickly make up for any delays, said
spokesman Yuichi Nakagawa.
Fuji Heavy, maker of Subaru cars, said earlier Wednesday it would
stop production of its five mini car models because it is uncertain
when it will receive its next shipment of piston rings from Riken.
Mitsubishi Motors also said it was stopping assembly at three
plants later in the week for several days because it is unable to
procure enough parts from Riken.
The problems at Riken were also threatening production at Honda
Motor Co., the automaker's president told public broadcaster NHK.
``If things don't get better today, we're going to stop, too,''
Takeo Fukui said. ``We are just able to hold out until the
weekend,'' he said.
Riken said in a statement it was rushing to fix the damage at its
Kashiwazaki plant and hoped to get the factory online as soon as
possible.
Fears of production delays at Japanese automakers drove share
prices down in Tokyo on Wednesday.
Fuji Heavy shares fell 1.82 per cent to 592 yen on the Tokyo
Stock Exchange. Honda shares fell 0.66 per cent to 4,490 yen.
Toyota lost 1.32 per cent to 7,460 yen, and Nissan Motor Co. lost
0.53 per cent to 1,313 yen.
Monday's quake, which killed at least 9 people and caused a slew
of problems at a nuclear power plant, has wreaked havoc on other
companies with factories in the region.
Fuji Xerox Co. said Tuesday it had halted a printer plant damaged
in the quake.