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15 March 2011, last updated at 12: 12 GMT Jorn Madslien business reporter, BBC News Japan has stopped production of cars and components for export and it is not yet clear how close this abroad with Japanese automaker its factories after the earthquake and tsunami will have, Investors wanted to immediately out.

On Monday, the value of the shares in the Japanese car companies began as investors fell up to sell.

First of all, many of them bought shares in automaker of the world instead - based on the logic that non-Japanese automotive company would fill the gap by Japanese car manufacturer could not be delivered.

"Hyundai and Ford cars now are good replacement for Toyota, and more, can caterpillar tractors made in China, Komatsu's country movers, replace" according to Peter Morici, a business professor at the University of Maryland.

"Globalization offers Japan export customers alternatives she not a decade or two above could have enjoyed."

Parts shortages loom

But during such a crisis, globalization poses huge problems.

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"all communities that have supported many of these plants have uprooted or are still unclear"

end quote Paul Newton motor industry analyst, IHS global insight from now, investors have come to recognize that you weiterHonda the difficulties of companies such as Toyota and Mazda, Nissan is similar to in Detroit or Chennai in Sunderland or Seoul faced.

The hard truth in this devilishly complex and globally networked world of motoring is that they all addressed parts lack - if not now, then probably very soon.

"The suppliers production total production could Newton, slightly, according to Paul motor industry analyst at IHS global insight, influence" "given that some provide plants of the affected component with systems and components, the not easily to other production sites can be moved [automakers] facilities all over the world."

'Tragic loss'

The North-East of Japan, where the most devastation caused the earthquake and tsunami, is the home to many of the country part of car manufacturers, supplying car manufacturers not only in the vicinity, but all over the world.

Some 20,000 parts are required to stop a car building

Toyota President Akio Toyoda points out that "those taken directly and vastly affected our distributors, suppliers and many other partners are".

Japanese specialist companies have components such as batteries for hybrid cars, electronic parts and engine parts supplies for years.

But many Japanese roads and ports in tatters and with own production facilities to stop - in some cases because manufacturer below or because the power deficiencies are the component own suppliers after it's clear that many parts simply not in the near future is.

"The tragic loss of life and homes across the region means that even if fixed infrastructure and facilities can, entire communities have supported many of these plants have uprooted or are still unclear," Newton says Mr.

Complexity

And even if the components are made, they get shipped - whether factories in Japan or of the country - would be difficult.

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until now, we do well, but the crisis should be extended emergency would cause "

Renault Samsung in South Korea quote end this could prove very difficult for manufacturers, and the problem could last for a long time."

"A finished car requires more than 20,000 parts," observed Tong Yang securities motor industry analysts.

"It is difficult to predict if production [in Japan] can continue until we know which parts of car manufacturers are affected and to what extent."

It is also difficult to predict if parts will start bottlenecks, bite all over the world.

"We have an inventory of two to three weeks," says an official at Renault Samsung in South Korea for Nissan Almera and sunny cars produced and imported about a 10 of its parts from Japan.

"So far are we do well, but should the crisis be extended emergency would result."

In the United States some car manufacturers have already to share cut back on overtime news according to industry journal automotive.

And with parts shortages threatening to have investors began shares nothing with even the slightest touch of the automotive industry - send lower shares in automaker to shed quite a bit across the Board.

Uncertainty

About investors often react, and on this occasion, they appear once again done according to Nomura, who describes the reaction as "exaggerated".

The sell-off of shares in Toyota and Nissan is particularly hard to shave 8% and 10% discount on the value have been.

But not more than 2.4% as a result of should fall on the two automakers operating the earthquake and tsunami, Nomura's analysts predict, although they do not expect to hear investors.

For the time being is the only thing investors are sure that much about the global impact on the automotive industry remains unknown.

And many of them fear that the situation becomes clearer, new problems will arise.