Tsunami Alert Today | Japan Tsunami Alert 11th April 2011 | Tsunami Alert in Japan 11/04/2011

TOKYO, April 11 | Mon Apr 11, 2011 2:01am EDT

(Reuters) - Shares of Japanese automakers fell on Monday after Citigroup cut its ratings across the sector, saying it expected vehicle production to recover only in autumn after the devastating earthquake that rocked Japan last month.

Toyota Motor Corp , Nissan Motor Co , Honda Motor Co and others have suspended most vehicle output in Japan since the magnitude-9.0 earthquake on March 11 disrupted parts supply, and the impact is spreading overseas as parts inventory runs out.

"We do not think the fall in earnings and slowness of the recovery (in vehicle production) have been fully priced in yet," Citigroup auto analyst Noriyuki Matsushima wrote in a report.

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