Afternoon Coffee: Toyota to Reopen Japan Auto Plants Next Week, Mitsubishi Admits to Falsifying Fuel Economy Data

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Toyota Motor Corp. said it would reopen its Japan plants next week after shutting down operations following the recent earthquakes. The carmaker said it would resume production at 18 assembly lines between April 25 and April 28.  

Mitsubishi Motors admitted it falsified fuel economy data on more than 600,000 cars it sold in Japan. Mitsubishi Motors president Tetsuro Aikawa said he was unaware this was happening, but said the wrongdoing was clearly intentional. "It is clear the falsification was done to make the mileage look better," he said. 

A report out this week from the Conference Board shows the U.S. will face a labor shortage over the next 20 years. The two industries expected to experience the biggest demand for workers is healthcare and skilled trade labor.

The Leading Economic Index rose 0.2% in March to 123.4 thanks to improvements in the manufacturing industry as well as stock prices. While the index increased, analysts had expected a larger 0.4% rise.

 

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