Expect the Palladium prices to recover as the Japanese "Just in Time" inventory system restarts and resumes drawing down physical palladium for the manufacture of catalytic convertors.From NHK World:
Toyota Motor has resumed production at all its assembly plants in Japan.
Production resumed on Monday at 11 Toyota plants, including 2 affiliated companies in Miyagi and Iwate Prefectures. Those are 2 of the 3 prefectures in eastern Japan that were hardest-hit by the March 11th earthquake and tsunami.
The disaster damaged the factories of auto parts makers in the region, and caused the suspension of production at almost all of Toyota's domestic assembly plants.
On March 28th, 2 weeks after the disaster, production resumed for 3 hybrid models at 2 plants of affiliated makers in Aichi and Fukuoka Prefectures in western Japan.
On Monday, employees arrived at a factory in Toyota City in Aichi, well before the start of operations at 6 AM.
One of them said he is happy that the assembly line will be operating again and that he will do his best to provide excellent cars. Another man said he is still concerned as operations will be half the usual level.
Daily output is expected to stay at around 6,000 units for the time being, which is half the usual number, as uncertainty remains involving the supply of parts.
No comments:
Post a Comment