Nissan CEO: Full production will resume in October  Japan-based carmaker Nissan has struggled to overcome the disruptions to its manufacturing practices following the 9.0-magnitude earthquake and subsequent tsunami that struck Japan on March 11, battering its production facilities. This week, however, the company's chief executive said it had completed repairs at its most-damaged plant ahead of schedule.

The Wall Street Journal reports that Nissan chief executive Carlos Ghosn said the repair of the plant in Iwaki, Fukushima Prefecture, represented the last of the company's Japanese factories to go back online following the extensive damage inflicted by the natural disasters. Still, Ghosn acknowledged that component shortages would prevent the automaker from resuming full production - at least right away.

Ghosn told reporters that the company now projects full production capacity to be achieved by October, roughly one month ahead of rival Toyota Motor's planned start date. Carmakers were especially hurt from the natural disasters, as Japanese automaking is located primarily in the northeast part of the country, where the majority of the destruction occurred.

The news comes on the heels of an assertion from Honda chief financial officer Fumihiko that Japanese carmakers would inevitably lose market share as a result of the supply chain disruptions.

Ghosn asserted that Nissan planned to reinforce existing factories with upgrades that could help them to better withstand a similarly-powerful natural disaster. He said the company's vehicle production in May would be about 50 percent of the year-before level, compared with just above 40 percent in April. 
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