Japan's auto industry hit, but recovering

japan, earthquake, auto industry, tsunamiA Nissan worker installs a charger into a Leaf electric vehicle before the earthquake. Most Japanese automakers suffered minor damage, but there has been at least one death and dozens of injuries at Honda. By Peter Valdes-Dapena, senior writer


NEW YORK (CNNMoney) -- Most Japanese automakers suffered little damage from Friday's massive earthquake and say they are recovering quickly, but there were some injuries and one death in the nation's powerful car industry.

Honda was among the hardest hit.

As many as 30 Honda employees were injured in Japan's massive earthquake, according to a spokesman in the U.S., and one was killed.

A 43-year-old man was killed at a Honda Research and Development facility in Tochigi Prefecture, just outside of Tokyo. Honda's R&D division has been shut down and production has been suspended at three of its factories until at least Monday.

Nissan said there was no major damage at its factories, but that small fires had broken out at two of its manufacturing facilities. Those fires were quickly extinguished, the automaker said.

Two employees at a Nissan plant, also located in Tochigi, suffered minor injuries, the automaker said.

Nissan said it is closing its factories through Sunday. Facility assessments will be made over the weekend to decide if the plants can resume production on Monday.

Toyota Motor Co's said its main production facilities are operating normally but four parts plants in northern Japan were shut down and evacuated.

Mazda, based in Hiroshima, located on the south eastern tip of the Japanese Island nation announced that its overnight factory shifts would be operating as normal. Most of the damage was concentrated in the northeast of the country.

The powerful earthquake to hit offshore on Friday, collapsing buildings, touching off widespread fires and unleashing walls of water up to 30 feet high.

Hundreds of people were dead and hundreds more missing, Japanese media reported, citing local and national police. Tens of thousands of people were displaced, according to Japan's Kyodo News agency. To top of page

Just the hot list include
Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Find Your Next Car
Index Last Change % Change
Dow 32,627.97 -234.33 -0.71%
Nasdaq 13,215.24 99.07 0.76%
S&P 500 3,913.10 -2.36 -0.06%
Treasuries 1.73 0.00 0.12%
Data as of 6:29am ET
Company Price Change % Change
Ford Motor Co 8.29 0.05 0.61%
Advanced Micro Devic... 54.59 0.70 1.30%
Cisco Systems Inc 47.49 -2.44 -4.89%
General Electric Co 13.00 -0.16 -1.22%
Kraft Heinz Co 27.84 -2.20 -7.32%
Data as of 2:44pm ET
Sponsors

Sections

Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands. More

Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.