Japan Automakers In Force Majeur

Nissan, Honda, and Toyota's Japan operations are in force majeur because of the 8.9 magnitude earthquake that struck off the coast there. Toyota closed three factories, Honda Motor Co. has also suspended production, which could affect exports of Toyota's Yaris sedan, Scion cars and Honda's Fit small car. Toyota said it evacuated workers from several factories in the quake zone.

The Yaris is made at Toyota's Miyagi Prefecture plant, which has capacity of 120,000 units per year. Honda reportedly lost two employees at its Tochigi factory, Kanto region, near Utsunomiya. Nissan Motor Company is still collecting the damage data.

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