In the aftermath of recent earthquakes in Japan, GM is expecting a shortage in the supply of certain parts, so it's shutting down four of its plants in North America for two weeks.
If you're looking for proof that this is Mother Nature's world and she merely allows us to live on it for a while, have a look at these videos coming out of Mexico. After a series of seven small earthquakes and heavy rains, a scenic coastal road has collapsed into a vaguely road-shaped pile of rubble.
In the wake of the devastating earthquakes that rocked northern Italy in late May, Ferrari announced an auction to raise money towards relief efforts. That online auction is now in the books, with benefactors giving generously to help the afflicted victims while netting some prize-worthy collectibles.
Tragedy is a relative concept. Some would call it a tragedy that, while Italy makes some of the most desirable (and gas-guzzling) cars on the market, it also has some of the highest fuel prices in Europe. But that unfortunate reality is far overshadowed by the two earthquakes that have struck the country's Emilia-Romagna region, killing 24 people in total. Now the fledgling government tasked with steering the troubled country into financial health is forced to raise fuel taxes even higher to rel
Italy is unfortunately no stranger to earthquakes, thus neither is the exotic automaker and racing team whose logo bears the country's flag. When disaster struck in Abruzzo, Ferrari launched a special-edition F430 to raise funds for its relief, and has been contributing to rebuilding the stricken region ever since. When the tsunami hit in Japan, Ferrari contributed millions to its aid. Now another earthquake has hit Italy – in the same part of the country that hosts Ferrari's headquarters
The earthquake and tsunami in Japan wreaked havoc on the automotive supply chain. Toyota, Honda and Nissan lost many thousands of units to the natural disaster, which meant that car buyers here in the U.S. sometimes had a difficult time finding and buying certain vehicles. We know how these disruptions hurt sales, but a study conducted by ALG shows that prices were also shifted because of the shortage of key vehicles.
The online news cycle moves at a blistering pace. It's easy to forget that, while the story of the Japanese earthquake and tsunami that occurred last March may move from the front page, individuals are still struggling to cope with the widespread devastation on the island.
2011 has been a trying year for Toyota, as the earthquake and tsunami in Japan and the flooding in Thailand have conspired to slow vehicle production and cut into profits. Toyota lowered its profit forecast after the Japan disaster, and now Automotive News reports that the automaker is once again cutting expected profits by a significant margin.
We've seen some terrifying footage from the tsunami and earthquake that struck Japan in March this year, but few manage to capture the full-on terror of the situation like the clip after the jump. The video was taken by a dash camera mounted on a man's vehicle as the tidal waters surged onto the roadway. Individuals abandon their vehicles, desperately running from the inescapable sea swell, and in moments, debris, cars and people are all helplessly swept up together as the water pushes forward.
The second quarter was not a good one for Honda. Supply shortages as a result of the debilitating earthquake in Japan and the subsequent tsunami resulted in a U.S. market share reduction from 10.6 percent to 9.3 percent. North American plants were impacted as well, as production dropped 26 percent from Q2, 2010.
Japanese automakers are continuing to evaluate their strategies for coping with natural disasters after this year's earthquake and tsunami, and for Suzuki, that apparently means packing up shop and moving to higher ground. According to Automotive News, the manufacturer is investing around $494 million to move its factories and research center away from the coastal city of Hamamatsu. The report notes that scientists estimate that there's an 80 percent chance that an 8.0-magnitude earthquake will