Crisis time for Japanese automakers after quakes
This phase of the year does not seem to be so good for the island nation of Japan, which recently had gone through one of the worst earthquakes ever in March, and an even worse aftermath with multiple aftershocks and nuclear radiation dangers. The nation that rests on the “ring of fire” in the Pacific is home to a large number of well-known automakers, among them Toyota, Nissan and Honda. The quake which struck the nation has also jolted the automakers as well, causing severe damage to their production rate, losing the potential production of over 500,000 cars since then.