Japan quake updates: Toyota and Honda extend shutdown; Buy cars now before prices jump

Japan Earthquake

We woke up this morning to a lot of Japan quake updates and its effect on the auto industry – so we decided to put together a little post of updates for you instead of pump out three or four different articles throughout the day. Here we go:

  • Toyota, Honda extend Japan plant shutdown: Toyota Motor Corp. and Honda Motor Co. are extending their shutdown of auto production in Japan amid a shortage of parts. – Detroit News
  • Suzuki and Mitsubishi won’t be forced out of U.S. by Japan quake: Suzuki and Mitsubishi are two marginal Japanese brands here in the United States that you would think would be the first to go out of business as a result of this catastrophe. Well, there not going anywhere – even if they sell vehicles that are exclusively made in Japan (and not many of them). – USAToday
  • Shopping for a new car? Better buy one before prices jump: If you’re in the market for a new car, and are looking at a fuel-efficient Japanese model, experts say you’re better off buying now because prices will only get higher in coming weeks as the effects of the earthquake in Japan and the unrest in Libya and the Middle East. Hey, but what goes up must come down and we think auto brands will also throw in a lot of incentives after things settle down. – CNNMoney
  • Nissan resumes limited Japan output, others to follow: On the side of some good news, Nissan resumed output at some parts factories Monday, and will start up operations at six other plants and some vehicle assembly plants on Thursday. – Automotive News

– By: Omar Rana