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Tuesday
Mar292011

Subaru Curbing Car Production in US; Stocks Down Overseas

Comstock/Thinkstock(NEW YORK) -- U.S. car manufacturing is continuing to take a hit from the aftermath of the earthquake and tsunami that struck Japan on March 11, with Subaru being the latest automaker to face production troubles.

Facing a parts shortage, Subaru of America now says it will slow down production at its plant in Lafayette, Indiana.  Subaru joins Toyota and other Japanese car makers who have already considered or acted on curbing production in the U.S. in response to a disruption in business operations in Japan.

Over in the stock market, shares of Japanese automakers have especially faced selling pressure with production problems.  Averages in Asia, as well as in Europe, are down Monday.

Meanwhile, U.S. stock futures are up Monday after a modest loss the day before.  The Dow fell 23 points, while the Nasdaq dropped 12 points and the S&P went down by 4.

Copyright 2011 ABC News Radio







ABC News Radio