Auto companies in Japan to recover



The news agency Reuters, Toyota's largest car manufacturer in the world saying:  "It will keep the local assembly plants, all the" 12 "of its closed for another week at least ".The factories are closed down since the quake, which occurred on Friday, 11/03/2011 magnitude nine degrees and the latest tsunami claimed the lives of ten thousand people at least and damaged nuclear plant north of Tokyo.Said Nissan Motor's biggest rival, Toyota in the local market:  "It would run the manufacturers, but uncertainty still surrounds the production in other facilities, and it will take to restart the factories of other longer and analysts said: " that if he returned production to normal within two weeks, the excess capacity resulting from the decline in auto sales after the global financial crisis in 2008 was able to auto companies to make up the shortfall in production ", but the rise in the Japanese currency towards a record low means that the profit margin of cars manufactured in Japan will be reduced.The dollar was down three percent against the yen since the disaster and is now close to its lowest level ever, and the dollar was around 80.8 yen compared to 79.75 yen, the record level registered in 1995.And manufactures Toyota 38% of its cars in Japan, which makes them most vulnerable to the effects of the crisis and the accompanying rise in the value of the yen, and issued Toyota more than half of domestic production to foreign markets, and produces April 24% of its cars in Japan while producing Honda, only 22%.Toyota said:  "It would run some production sectors on Thursday, 03.17.2011 in seven small factories near the company headquarters in Toyota City, and these plants will begin on Monday, export of auto components to be assembled abroad.But to be able to Toyota to restart plants Home will continue to rise in losses, which amounted to 40 thousand cars during the past three days, and as much as Goldman decline in profits due to stop production for one day about six billion yen, $ 74 million to Toyota and two billion yen each from Honda and Nissan.The auto industry is concentrated in Japan in the center and south, there is only a small number of large factories in the worst-affected areas, factory closures could begin to impact on car manufacturers and component suppliers around the world within two weeks due to integration of the industry.Hyundai said in neighboring South Korea:  "It does not expect to be affected by the problems of the industry in Japan ", and a company spokeswoman said: "Do not expect a significant impact of the earthquake in Japan because we have enough stock to two months
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