The biggest lesson learned by OEMs was to get a better handle on their respective supply bases. At the time of the earthquake, for instance, Toyota and Honda did not know the names of many of their Tier 4 and Tier 5 suppliers of chemicals and resins.
The nominations of Alexandra Ford English, 33, the daughter of Ford Executive Chairman Bill Ford, and Henry Ford III, 40, the son of current Ford Motor director Edsel B. Ford II, who plans to retire, mark a generational shift at the company.
The worst natural disaster in Japan’s history seriously damaged some 500 suppliers’ and a handful of OEMs’ production facilities, forcing much of the industry to shut down operations for nearly a month.
The average annual cost of car ownership in the U.S. is $5,264.58, Move.org says. In Michigan, the average resident pays $9,304.28 a year for their car, far ahead of second-place Florida at $6,765.22 and third-place Texas at $6,670.51.