Talk about a morning with wildly inconsistent messages about the auto industry's ability to build vehicles in the wake of the Japan earthquake and tsunami, considering the following announcements all in a span of a few hours:
- Honda says it will halt productionat two of its Japanese plants through April 1st. (uh oh, here we go with more production cuts)
- Toyota says it will resume building the Priusand two Lexus hybrids in Japan. (good news, maybe the worst is behind the industry)
- IHS Automotive says the worst is yet to come for production halts in North America as the Big 3 are hit with parts shortages from Japanese suppliers. Just as troubling, IHS estimates the world will lose 155 of it's global auto production(610,000 vehicles) in the month of March. (yikes, ok so things are not better)
- Nissan announces it is once again building the LEAF electric car in Japan and it expects normal production in the North America. (ok, feeling more upbeat)