Toyota, Nissan and Honda Suspend All New Car Production in Japan

The BBC is reporting that Japan’s big three car makers are all suspending production of new cars in Japan for an indeterminate period.

The reason for this is probably the lack of energy resources which are likely to result in controlled, rolling black outs in the next few day as Japan seeks to reduce energy consumption and take pressure off the generating capacity. It is not known how these black outs could affect the car auctions, but we will keep you up to date here.