Asia autos correspondent, Tokyo
Chang-Ran's Feed
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.

Aug 3, 2011

Suzuki Q1 oper profit falls 20 pct on quake, keeps FY forecast

TOKYO, Aug 3 (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.

Aug 2, 2011

Toyota cautious on forecast after quake hits results

TOKYO (Reuters) – Toyota Motor Corp raised its annual profit forecast to a level well below market estimates, warning the stronger yen was hobbling it in the battle against South Korean rivals as it races to restore quake-hit production.

Toyota slumped to a first-quarter loss in April-June after the March 11 earthquake and subsequent tsunami all but halted production, crippling sales both at home and abroad.

Aug 2, 2011

Toyota cautious on forecast after quake hits Q1

TOKYO, Aug 2 (Reuters) – Toyota Motor Corp raised
its annual profit forecast to a level well below market
estimates, warning the stronger yen was hobbling it in the
battle against South Korean rivals as it races to restore
quake-hit production.

Toyota slumped to a first-quarter loss in April-June after
the March 11 earthquake and subsequent tsunami all but halted
production, crippling sales both at home and abroad.

Aug 1, 2011

Rising rates, fuel prices hurting India autos demand

SEOUL/TOKYO (Reuters) – New vehicle sales in Japan fell by a record in July, battered by production disruptions from the March 11 earthquake, while South Korean rivals extended their winning streak to report strong global sales.

Sales of new vehicles, excluding 660cc minicars, in Japan fell 27.6 percent to 241,472 vehicles, with Toyota Motor Corp leading the decline.

Aug 1, 2011

Japan car sales hit new low in July; Koreans gain

SEOUL/TOKYO, Aug 1 (Reuters) – New vehicle sales in Japan
fell by a record in July, battered by production disruptions
from the March 11 earthquake, while South Korean rivals
extended their winning streak to report strong global sales.

Sales of new vehicles, excluding 660cc minicars, in Japan
fell 27.6 percent to 241,472 vehicles, with Toyota Motor Corp
leading the decline.

Aug 1, 2011

Honda avoids loss, raises profit forecast

TOKYO (Reuters) – Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz) avoided an expected loss and raised its annual profit outlook by more than a third on Monday after it reported a 90 percent fall in quarterly operating profit, as it rebounded quickly from a severe parts shortage.

Japan’s No.3 automaker suffered the biggest drop in production of any carmaker from the March disaster, due mainly to bad timing for the scheduled delivery of parts.

    • 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
    • Follow Chang-Ran