Recently, by the Japanese earthquake and tsunami of 3.11, the U.S. auto parts supply shortage phenomenon, which to cast a shadow over the U.S. auto industry. Worse yet, car production dropped significantly and the United States is willing to damage the economic growth in the second quarter, but fortunately, a good level of exports is expected to make up for the harm many of these problems.
May 17, according to Fed data released showed a direct result of the earthquake in Japan in April U.S. vehicle production fell 8.9%, supply chain damage, causing the first time since the United States ten months of industrial crunch.
Ford, GM and other major car companies have recently announced the sale of future production plans and expectations, and GM in the United States shut down the city of Shreveport, Louisiana, truck assembly plant and factories in Spain La Gesa and the Eisenach plant in Germany and South Korea will reduce the shift of factories to slow production rate. As Japanese production of parts shortages emerged in Europe, the Opel compact car plant has been affected.
Universal City, the factory is located in Shreveport parts shipped to assembly plants in Kansas City, used to produce such as Chevrolet and Buick models more profitable. As part of imports from Japan in trouble, General Motors had to face the knock-on effect - a small Louisiana truck plant 21, were forced to stop, and then provide them the New York plant was forced to lay off the engine, located in Spain and part of the German factories to temporarily suspend production.
U.S. auto industry, the root cause of a serious shortage of spare parts, car parts suppliers in the United States has not yet recovered from the financial crisis. Since last year, U.S. auto sales increased, but because access to credit to expand production capacity of the relevant spare parts manufacturers have not kept pace. Japan's supply of spare parts caused by the earthquake and tsunami was exacerbated by difficulties in tension.
Analysts believe that this is because the Japanese earthquake exacerbated the U.S. auto industry is facing the situation of insufficient supply of spare parts forced the U.S. auto makers temporarily put aside concerns about competition in the industry, through the advance publication of the relevant plan, a parts supplier for more preparation time.
However, the U.S. auto industry root cause of a serious shortage of spare parts, car parts suppliers in the United States has not yet recovered from the financial crisis. Since last year, U.S. auto sales increased, but because access to credit to expand production capacity of the relevant spare parts manufacturers have not kept pace.
Japan's supply of spare parts caused by the earthquake and tsunami was exacerbated by difficulties in tension. But the U.S. auto industry analysts believe that this effect is sporadic and only last a few months time. Part of the model temporarily suspend production of motor vehicles and spare parts shortages that may affect the total U.S. auto production, but for automobile manufacturers and suppliers will not cause too much of the profits.
However, some people worry that, in the first 3 months of 2011 to the U.S. gross domestic product (GDP) growth of 1.4% brought the U.S. auto industry could become a drag on the U.S. second quarter GDP. Some financial institutions, including Deutsche Bank (DeutscheBank), the already lowered their growth forecasts for the second quarter.
Senior economist at Deutsche Bank in New York, Carl - Likaduona (CarlRiccadonna) said, "We have cut by 0.5% -3.2% increase, despite the supply disruptions in the automotive sector, but activities in other sectors continued to expand, we will more conservative of the lower expectations. "
So far, the reduction of automobile production is one of the most tangible evidence that the Japanese seismic impact on the U.S. economy than initially hoped. Last month, Federal Reserve Chairman Ben - Ben Bernanke (BenBernanke) that the Japanese seismic impact on the U.S. economy is only moderate and temporary. Economists believe that supply chain disruptions will continue throughout June, at least until August, the situation will begin easing.
The article above is transfered from glow plug, and spark plug |