Nissan Motor Co. said Sunday that it will resume operations at its five plants in Japan from Monday, March 21, but it may be several months before inventories and other elements of the country’s auto industry return to normal.
The announcement was among a handful of encouraging signs for Japan’s economy, the world’s third largest, which has been staggered.
The company said production of repair parts for overseas manufacturing restarted at its Oppama, Tochigi, Yokohama, Kyushu and Nissan Shatai plants.
Nissan’s problem plant is an engine plant in Iwaki city in Fukushima, close to the crippled nuclear power plant. Nissan is “trying to restore operations” there. The plant makes V6 engines. Bringing it on-line could take longer.
Nissan may not be able to run its production lines at full capacity when it restarts operations at the plants, a Nissan spokesman said.
Nissan index – NSANY.PK closed Friday’s trading at $18.24, down $0.07 or 0.38 percent on a volume of 0.12 million shares.