Updated on
Summary According to a report, a local car manufacturing firm has halted the supply.
The company has stopped new booking for two months and the local market is facing shortage of about 8,000 vehicles. The report further reveals that other companies may reduce production due to shortage of auto parts.Japan auto industry is only producing about 50 percent of its capacity.Experts have predicted that the Tsunami disaster in Japan threatens to significantly impede the nation s economic recovery which is spreading to other nations. Japanese earth quake and Tsunami ravages may potentially carry implications for global currencies, commodity markets and auto industries in the developing world including Pakistan.
