Nissan, Honda Resume Some Production in Thailand After Floods
Stock Chart for Nissan Motor Co Ltd (7201)
Nissan, which closed its factory in Samut Prakan on Oct. 14, began limited production at the plant today, the Yokohama- based company said on its website. Honda Motor Co., Japan’s third-biggest automaker, restarted production of “some motorcycle and power products” in Thailand today, the Tokyo- based company said in a statement.
Honda and Toyota Motor Corp. (7203), Japan’s largest carmaker, withdrew full-year profit forecasts after the floods disrupted supply chains in Thailand, a regional automaking hub. Toyota has said it expects to resume production in the Southeast Asian country Nov. 21 and that operations in Japan should “almost fully recover” within the same week.
The maker of Camry sedans, based in Toyota City, has said overtime production at its North American plants will restart today, with output at normal levels. Toyota estimates it lost production of 87,000 vehicles in Thailand and 40,000 in Japan from Oct. 10 to Nov. 12.
Mazda Motor Corp. (7261) resumed production of passenger cars at its factory in Thailand today after parts supply partially recovered, said Kozue Nitta, a spokeswoman for the Hiroshima, Japan-based carmaker.
Mazda resumed its daytime production shift for passenger cars and plans to restart evening shifts next week, Nitta said by phone. The automaker hasn’t decided when production of commercial vehicles will start again.
Mitsubishi Motors Corp. (7211), which halted production Oct. 13, also restarted production at its plant in Laem Chabang, Thailand, today, the Tokyo-based carmaker said on its website.
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