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Filed under: Japan, Plants/Manufacturing, Honda, Nissan, Toyota

Renesas Japan’s Renesas Electronics Corp. is moving up the restart date for automotive microchip production at its last inactive plant. The company says it should have operations back up and running at its Naka plant the week of June 15, a couple weeks earlier than its original estimate.

Renesas is the world’s largest supplier of chips for cars, and is a major kink in the parts supply line for Japanese automakers. The Naka plant was damaged in the March earthquake, and will be Renesas’ last facility to resume production.

The plant will operate on a limited schedule at first, building around 3,000 200-millimeter wafers a month, down from a pre-earthquake total of almost 34,000. To compensate, the company has shifted some production burden from Naka to its other manufacturing plants. For now, Renesas is focused on getting any production restarted, but should know by mid-May when it can resume at full capacity. Read the press release after the jump.

[Source: Renesas via Automotive News | Image: Renesas Electronics Corporation]

Continue reading Report: Renesas Electronics to restart automotive microchip production early

Report: Renesas Electronics to restart automotive microchip production early originally appeared on Autoblog on Sat, 23 Apr 2011 14:05:00 EST. Please see our terms for use of feeds.

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Filed under: Saab, Earnings/Financials

blurry saab sign

Are the dark clouds parting over Trollhättan? According to Saabs United, it’s starting to look that way. Swedish automaker Saab has just received a green light that will allow it to borrow money from a European bank.

Saab’s plant is now owned by a company called Saab Automobile AB Properties, and that company is run by Vladimir Antonov. No money has yet been transferred, but this move clears the way to make that happen… pending a few conditions. The price paid for any property must be fair (whatever that means), Antonov will have to resolve any outstanding questions regarding his history and the money will go through a bank that has no connection to Antonov. It’s clear that the automaker is still nervous to do business with Mr. Antonov, but the time has come where cash is urgently needed.

There’s still no word yet on when production will resume. A sign that this is close to occurring, however, has come by way of suppliers agreeing to start sending in needed parts. Head over to Saabs United for more insight on this most recent development in the ongoing Saab saga.

[Source: Saabs United | Image: Fabrice Coffrini/AFP/Getty]

Report: Saab secures financing to restart production originally appeared on Autoblog on Fri, 15 Apr 2011 18:13:00 EST. Please see our terms for use of feeds.

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