Not very unexpectedly, ratings agency Moody’s is looking into taking it’s view of Toyota’s long-term debt down a notch. Usually reliable Reuters says that Moody’s “put its credit rating on Toyota Motor Corp on review for a possible downgrade.” For the obvious reasons, namely disruptions to Toyota’s supply chain from the March 11 earthquake and tsunami and subsequent power cuts. Even if bond ratings put you to sleep, you might be interested in Moody’s views on the resumption on normal car production. Read More >

“Toyota will not be resuming vehicle production at most of its plants next week, contrary to what has been reported.”

This was Toyota spokesman Paul Nolasco’s answer when we reached him this (Tokyo) morning for a comment on a story that had appeared in The Nikkei [sub] at 2 a.m. last night. (Emphasis ours.) Without quoting sources, the Nikkei had written that “Toyota Motor Corp. has decided to reopen most of its domestic automobile plants as early as next week to start churning out a limited number of models.” This is clearly humbug. The Nikkei has done it again. Read More >

Toyota and Microsoft will host a joint live webcast tomorrow, Wednesday, April 6 at 1 p.m. Pacific. “Steve Ballmer, CEO of Microsoft, and Akio Toyoda, president of Toyota Motor Corp., to discuss a collaboration between the two companies.,” says Microsoft. Read More >

In an oddly-timed 2 am (Tokyo time) filing, The Nikkei [sub] writes that “Toyota Motor Corp. has decided to reopen most of its domestic automobile plants as early as next week to start churning out a limited number of models.” Read More >

When you have a problem, there usually is no shortage of well-meant advice. When it emerged that power shortage is the biggest problem of the quake- and tsunami-stricken Japanese auto industry, or the Japanese industry as whole, good advice came pouring in. It ranged from “why don’t they just park an aircraft carrier by the dock” to “what’s wrong with using generators?” What’s wrong with them? Read More >

Looking at the supply chain and transit times, it was easy to predict that the big American knock-on effect of the Japanese earthquake and tsunami would start to happen around – right now. To nobody’s surprise, The Nikkei [sub] writes this Tuesday morning in Tokyo that Toyota “is highly likely to halt all manufacturing operations at its factories in North America later this month due to parts supply disruptions.” It goes on to say that “the scale and the duration of the expected shutdown have yet to be decided, but all of Toyota’s 14 factories in North America could be affected.”

I could write that and finally go to bed, but my mother had told me to believe nobody. Not even a respected newswire that gave its name to the main Japanese stock index? Not even that. An early call to Toyota HQ reaches spokesman Dion Corbett, who has a completely different story. Read More >

The Japanese tsunami impacts everything, from cars to toilet paper. Most Japanese car makers were closed since after the catastrophe and will remain closed at least until mid April. Many paper mills are in the affected area, and all paper, from glossy stock to the softer kind, is in short supply. Publishers of Japanese illustrated pulp fiction have canceled the printed version and direct their readers to the Internet instead. Tokyo corporations battle a wave of toilet rolls vanishing from their restrooms, from where they find a way to the toire at home. While these may be temporary outages, the lack of stable electrical power emerges more and more as the biggest impediment to the recovery of the Japanese industry. It will affect you and your car, in one way or the other. Read More >

All told, it takes about 3 weeks for a shipborne container from Japan to reach its destination at the West Coast. To the East Coast, it’s about 5 weeks. With the Japanese earthquake and tsunami three weeks old, we should see the first real stateside disruptions by now. And we do. But not all originate in Japan. Read More >

All Japanese car companies need a little good news to cheer them up. Honda has reason to smile a little. Honda’s business jet in Greensboro, NC, is a step further to production. Honda says its first FAA-conforming HondaJet light business jet achieved a maximum speed of 489 mph at 30,000 ft. and a maximum Mach number of 0.72 above 30,000 ft.  This exceeds Honda’s performance commitment of 483 mph for the production HondaJet. Read More >

Toyota reports [PDF] that it has increased its MSRPs by an average of 1.7%, as the automaker seeks to regain control over pricing which has taken a hit in the year since its recall scandal. Of course, the fact that the firm’s supply of vehicles is likely to be limited by the chaotic aftermath of the Japanese earthquake and tsunami was causing its transaction prices to rise anyway, but Toyota tells Automobile magazine that the MSRP increase

has no relation to any production shut downs or shortages stemming from the recent disaster in Japan

Uh huh. Whatever you say.

As we had warned a few days ago, the Japanese car market took a punishing hit in March. Sales of new cars, trucks and buses dropped 37 percent from a year earlier, the Japan Automobile Dealers Association reports. Separately reported minivehicles took a similar hit and dropped 31.6 percent, according to data by the Japan Mini Vehicles Association, published in The Nikkei [sub]. Read More >

In the usual show of unity, all three Japanese majors will have at least some production up by mid April. Honda told The Nikkei [sub] today that it will resume auto assembly at its two domestic production plants in Saitama Prefecture, near Tokyo, and Mie Prefecture, western Japan, from April 11. Read More >

The Nikkei must have had too much sake at Yokohama’s famous seaside watering holes after they finished an interview with Nissan and Renault CEO Carlos Ghosn yesterday evening. Their reports of an imminent merger of the two (and sundry others) under a joint holding company turn out to be utter nonsense, or rather “a misinterpretation of a wide-ranging interview,“ as Rachel Konrad, Director of Communications of the Renault Nissan Alliance, tells us in more elegant words. Read More >

Caution: This Nikkei story has been debunked by Nissan.

Often considered, more than often denied, now it’s on the table again: Nissan and Renault, having lived in an open relationship with a joint CEO since 1999, could move under the umbrella of a common holding company. Joint CEO Carlos Ghosn told that to The Nikkei [sub] late Wednesday night in Yokohama. The managements of Nissan and Renault seem convinced that this is the way to go. However, there is a lot of work to be done before the wedding will become official. Read More >

Our (not quite) daily run-down of delays, shut-downs, shortages, and postponements, triggered by the March 11 tsunami in Japan.

• Toyota will have lost production of 200,000 vehicles by Friday. The Nikkei [sub]
• Toyota says that 300 dealerships out of a total of 810 in North Japan have been damaged by the earthquake. The Nikkei [sub]
• Nissan figures its Chinese output will be about 10 lower than planned in April as supply chain disruptions hinder operations. The Dongfeng Nissan joint venture will idle plants on weekends until mid-April, but will continue doing overtime on weekdays. Dongfeng Nissan has trouble getting parts from Hitachi. The Nikkei [sub] Read More >