Asia autos correspondent, Tokyo
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Sep 13, 2011

GM Indonesia sees minimum five-fold growth in 3 yrs

JAKARTA, Sep 13 (Reuters) – General Motors Co (GM.N: Quote, Profile, Research) expects
at least five-fold growth in its sales in Indonesia by 2014 when
its reinstated factory will be producing at its full capacity of
40,000 vehicles annually, the head of its local operations said
on Tuesday.

The U.S. auto giant announced last month that it would
reactivate its factory in West Java, Indonesia, to build a
“people mover” van for Southeast Asia from 2013 and raise its
position in the fast-growing car market dominated by Japanese
brands. [ID:nN1E77B0AR]

Sep 13, 2011

Toyota says to invest $337 mln in Indonesia expansion

JAKARTA, Sept 13 (Reuters) – Toyota Motor Corp said
on Tuesday it would invest a total $337 million in Indonesia,
including in building a new 70,000-vehicles-a-year factory in
its second move this year to expand in the fast-growing car
market.

The world’s biggest automaker said the factory would produce
vehicles such as its Kijang and Innova, with annual capacity at
the new plant rising to 180,000 units by 2013.

Sep 6, 2011

Toyota aims for quake-proof supply chain

YOKOHAMA, Japan (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) is working to create a robust supply chain that would recover within two weeks in the event of another massive earthquake like the one on March 11 that is still affecting output after six months, a top executive said.

Toyota and other Japanese automakers were forced to halt a large portion of their production both inside and outside Japan for months after the earthquake and tsunami cut off the supply of hundreds of parts from the country’s devastated northeast.

Sep 1, 2011

Maruti posts third consecutive drop in monthly sales

TOKYO/SEOUL (Reuters) – New vehicle sales in Japan plunged by more than a fifth in August as production remained disrupted from the March earthquake, while South Korean brands kept growing thanks to solid gains overseas.

Excluding 660cc minivehicles, sales in Japan dropped 25.5 percent to 216,510 vehicles, marking the 12th consecutive month of declines and the second-biggest fall on record for August, the Japan Automobile Dealers Association said on Thursday.

Sep 1, 2011

Japan car sales plunge in August while Korea gains

TOKYO/SEOUL, Sept 1 (Reuters) – New vehicle sales in Japan
plunged by more than a fifth in August as production remained
disrupted from the March earthquake, while South Korean brands
kept growing thanks to solid gains overseas.

Excluding 660cc minivehicles, sales in Japan dropped 25.5
percent to 216,510 vehicles, marking the 12th consecutive month
of declines and the second-biggest fall on record for August,
the Japan Automobile Dealers Association said on Thursday.

Aug 9, 2011

Honda says studying shift overseas to avoid yen effect

TOKYO (Reuters) – Honda Motor Co is studying possible production bases overseas to replace export-bound car production in Japan that has been battered by a strong yen, a top executive said on Tuesday.

Japanese auto executives have repeatedly warned that the yen had strengthened beyond what domestic exporters could cope with, but Honda Chief Financial Officer Fumihiko Ike’s comment was the first indication so far that any concrete steps are being considered to reduce output in Japan.

Aug 8, 2011

Fuji Heavy: profit target reachable at current yen

TOKYO (Reuters) – Fuji Heavy Industries Ltd (7270.T: Quote, Profile, Research, Stock Buzz) should be able to reach its profit forecast for this year even with the dollar trading 3 yen below its assumption because it is protected through hedging through the first half, its president said.

The dollar’s fall near a record low against the yen is offsetting much of the profits garnered from brisk sales of the company’s Subaru cars. Fuji Heavy sold just under half of its cars in North America last year, and every 1-yen fall in the dollar wipes out 5 billion yen from its annual operating profit.

Aug 5, 2011

Honda at crossroads as Civic panned, Hyundai looms

TOKYO/DETROIT (Reuters) – When Honda Motor’s 2012 Civic debuted at the New York auto show in April, critics universally panned its cheap, hard-plastic interior .

It was a discouraging result for a car that accounts for a fifth of the more than 3 million vehicles Honda sells annually and that was supposed to fend off Hyundai Motor’s Elantra in the increasingly competitive small-car segment.

Aug 5, 2011

Analysis: Honda at crossroads as Civic panned, Hyundai looms

TOKYO/DETROIT (Reuters) – When Honda Motor’s (7267.T: Quote, Profile, Research, Stock Buzz) 2012 Civic debuted at the New York auto show in April, critics universally panned its cheap, hard-plastic interior .

It was a discouraging result for a car that accounts for a fifth of the more than 3 million vehicles Honda sells annually and that was supposed to fend off Hyundai Motor’s (005380.KS: Quote, Profile, Research, Stock Buzz) Elantra in the increasingly competitive small-car segment.

Aug 3, 2011

Suzuki Q1 falls 20 pct, India demand slowdown worrying

TOKYO (Reuters) – Suzuki Motor Corp posted a 20 percent drop in quarterly operating profit as the March 11 earthquake hampered production, and stuck to its annual guidance for a small profit rise driven by the Indian market.

Suzuki, like other Japanese automakers, is looking to make up for production lost due to the March disaster in the second half of the business year, with plans to increase output for the full year.

    • About Chang-Ran

      "I have been covering the Japanese auto industry since 2002, broadening coverage to the Asian region in 2003."
      Joined Reuters:
      2000
      Languages:
      English, Japanese, Spanish
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