March 15, 2011 – The news about the nuclear reactors 1,2,and 3 and the shut-downed reactor 4 is still ambiguous.
The car companies had said they would open now, but Honda, Toyota and Nissan have all said they won’t be going into full production before March 20.
CNBC said that 1.7 billion cars a year are built in Japan and shipped to the United States. That is 37,500 cars a week.
The Japanese people have been so good at conservation that the power company (TEPCO) has not had as many rolling blackouts have not been as widespread as feared.
The car companies are losing money each day they do not open they lose money. Bloomberg quoted Goldman Sachs that Toyota would lose $72 million dollars in profit each day it doesn’t open. Honda and Nissan will lose $24 million in profit each day.
When will the Japanese government get their people back to work? The ability to get people back to work is most important at this point. Normalcy after trauma.
Listen as John Batchelor, host of the John Batchelor radio show and Lou Ann Hammond, CEO, www.drivinthenation.com, talk about Japan, the earthquake and the auto industry.