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Japan's natural disaster hits automakers

Carmagazine.com    

Japan's earthquake has hit the country's auto industry, with all of the major carmakers taking slides on the stock market.

Stocks for six of the seven Japan-based manufacturers were down in morning trading with only Suzuki Motor Co. remaining stable.

All seven automakers have halted automobile production in the country at least through Tuesday, even at facilities untouched by the 9.0-magnitude earthquake. Honda Motor Co., which bases its U.S. manufacturing in Marysville, has closed its plants until at least March 20.

Morning stock results:

Honda Motor Co. (NYSE:HMC): Down almost 4.5 percent from its $39.74 a share opening.

Toyota Motor Corp. (NYSE:TM): Down 5.5 percent from $85.65.

Nissan Motor Co. (OTC: NSANY.PK): Down 7.6 percent from $19.

Fuji Heavy Industries Ltd. (OTC: FUJHY.PK), owners of Subaru: Down 9.7 percent from $78.40.

Mitsubishi Corp. (OTC:MSBHY.PK): Down 8 percent from $52.

Suzuki Motor Co. (OTC:SZKMF.PK): Flat at $22.50.

Mazda Motor Corp. (OTC:MZDAF.PK): Down 10.4 percent from $2.50.

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