Earthquake and Tsunami has poorly affected Japan. These two natural disasters made thousands of people dispossessed. Many victims of this Catastrophe are pain from fatal diseases. Apart from this human loss, automotive industry has also undergone a lot.
Japan’ automotive industry holds a major part of global market share. This Catastrophe has also injured automotive plants. Japan has ceased the developed of automobiles. It is estimated that it will impact the Asia and other parts of the World. Auto Analyst, George Peterson said, “The disaster will have a huge impact, and not just in Japan”
Tsunami has wrecked great amount of vehicles. This includes 1,300 Infiniti luxury cars. Almost 1,000 of Nissan vehicles have been spoiled at the port of Miyagi. Nissan, the second-largest automaker of Japan; has ceased its making in four plants. On the other hand, Honda has also planned to cover up its plants and it is expected that it will lose making of 16,600 cars and trucks along with 2,000 motorcycles and scooters. Toyota, prevalent company of Japan and World’s foremost automaker, whose big market is its home, has also ceased the production. It is estimated that Toyota will lose creation of almost 40,000 vehicles.
Few days before this Catastrophe, Toyota redefined its “Global Vision” and resolute to enhance its sales up-to 10 million. Current situation depicts that now, it will not potential for Toyota. Some analyst said that this disaster is a great chance for Korean and U.S automobile companies to capture the market split of Japanese automakers.
Japan’ automotive industry holds a major part of global market share. This Catastrophe has also injured automotive plants. Japan has ceased the developed of automobiles. It is estimated that it will impact the Asia and other parts of the World. Auto Analyst, George Peterson said, “The disaster will have a huge impact, and not just in Japan”
Tsunami has wrecked great amount of vehicles. This includes 1,300 Infiniti luxury cars. Almost 1,000 of Nissan vehicles have been spoiled at the port of Miyagi. Nissan, the second-largest automaker of Japan; has ceased its making in four plants. On the other hand, Honda has also planned to cover up its plants and it is expected that it will lose making of 16,600 cars and trucks along with 2,000 motorcycles and scooters. Toyota, prevalent company of Japan and World’s foremost automaker, whose big market is its home, has also ceased the production. It is estimated that Toyota will lose creation of almost 40,000 vehicles.
Few days before this Catastrophe, Toyota redefined its “Global Vision” and resolute to enhance its sales up-to 10 million. Current situation depicts that now, it will not potential for Toyota. Some analyst said that this disaster is a great chance for Korean and U.S automobile companies to capture the market split of Japanese automakers.
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