Honda Motor, Mazda Will Resume Limited Production At Japanese Factories In April
Honda (NYSE:HMC) and Mazda said they will resume limited production at several Japanese factories in April, but full production will depend on the availability of parts, which is another sign that the Japanese auto industry is starting to come back from the March 11 earthquake and tsunami. Industry analysts say it could take until summer before factories are back at full output. Japan is the second-largest supplier of cars in the world, and is also a major parts producer. The impact of the earthquake is already causing production cuts in other countries, including the U.S. Few plants were seriously damaged in Japan but water and electricity supplies have been hampered.
About Mazda
Mazda Motor Corporation (マツダ株式会社, Matsuda Kabushiki gaisha) is a Japanese multinational automotive manufacturer headquartered in Fuchū, Hiroshima, Japan. The company was founded on January 30, 1920, as Toyo Cork Kogyo Co., Ltd., a cork-making factory, by Jujiro Matsuda. The company then acquired Abemaki Tree Cork Company. It changed its name to Toyo Kogyo Co., Ltd. in 1927 and started producing vehicles in 1931. Mazda is known for its innovative technologies, such as the Wankel engine, the SkyAc...
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