Parts shortage is obviously the main cause and Isuzu Philippines Corporation (IPC) is forced to suspend assembly between April 18 and May 2. The automaker remains optimistic and still believes it can reach its 17% growth for the current year.
Yuki Kato, IPC executive vice-president, said that although Isuzu Motors did not suffer any damage due to March earthquakes, some of its suppliers did. IPC depends heavily on parts imported from Japan and they hope that this shortage of components will soon come to an end.
Reports that Volkswagen has plans to obtain a stake in the Tokyo-based truckmaker have been denied by Isuzu. Susumu Hosoi, Isuzu Motors president, said he intends to run his company independently and the only reason why he would associate with another automaker is to improve access on markets as well as market segments.
The earthquake that hit Japan seriously affected the local automakers production rate, Toyota alone being one example. Last month, the automaker’s 120,000 units per year production capacity of its factory in Miyagi Prefecture was damaged.
In March, Nissan was forced to suspend production at six factories due to the earthquake. At the Tochigi Plant and the Iwaki Plant small fires occurred, but all were quickly extinguished. Restoration for the plants will further delay full production capacities in the forthcoming time.
Due to the earthquake, Honda was forced to stop production of six factories and this led to suspension regarding the production of finished automobiles at Saitama Factory and Suzuka Factory from March to April.