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

Jul 27, 2011

Nissan Q1 beats expectations as it recovers from quake

YOKOHAMA, Japan, July 26 (Reuters) – Nissan Motor Co
reported a smaller-than-expected 10.4 percent decline
in quarterly operating profit on Wednesday as it recovered
swiftly from a parts shortage that hammered the industry after
the March 11 earthquake.

Japan’s second-biggest automaker posted an operating profit
of 150.37 billion yen ($1.93 billion) for the April-June period,
more than double the average of 70 billion yen estimated by
eight analysts polled by Thomson Reuters I/B/E/S.

Jul 27, 2011

Peugeot, Nissan smarting after Japan quake

PARIS/TOKYO (Reuters) – Car makers showed the impact of the Japan disaster with France’s PSA Peugeot Citroen (PEUP.PA: Quote, Profile, Research, Stock Buzz) warning 2011 profits would be hit and Japan’s Nissan Motor (7201.T: Quote, Profile, Research, Stock Buzz) posting a 10 percent profit fall.

The earthquake and tsunami that devastated Japan in March had a knock-on effect on the global automotive industry, as many electronics suppliers’ factories were damaged, leading to disruption and parts shortages for carmakers across the globe.

Jul 25, 2011

Indian automakers’ margins seen under pressure

TOKYO/SEOUL (Reuters) – Quarterly earnings at Asian automakers will show Japanese automakers at their worst after the March 11 earthquake disrupted parts supplies, while South Korean rivals charged ahead with sales gains in major markets.

Production at Japan’s top three car makers suffered the biggest impact in their April-June first financial quarter, with falls of about 80 percent for domestic output at Toyota Motor Corp and Honda Motor Co in April, and 49 percent at Nissan Motor Co.

Jul 25, 2011

Japan automakers’ Q1 hit by quake

TOKYO/SEOUL (Reuters) – Quarterly earnings at Asian automakers will show Japanese automakers at their worst after the March 11 earthquake disrupted parts supplies, while South Korean rivals charged ahead with sales gains in major markets.

Production at Japan’s top three car makers suffered the biggest impact in their April-June first financial quarter, with falls of about 80 percent for domestic output at Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) and Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz) in April, and 49 percent at Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz).

Jul 25, 2011

Japan automakers’ Q1 hit by quake, Hyundai gains

TOKYO/SEOUL, July 25 (Reuters) – Quarterly earnings at Asian
automakers will show Japanese automakers at their worst after
the March 11 earthquake disrupted parts supplies, while South
Korean rivals charged ahead with sales gains in major markets.

Production at Japan’s top three car makers suffered the
biggest impact in their April-June first financial quarter, with
falls of about 80 percent for domestic output at Toyota Motor
Corp (7203.T: Quote, Profile, Research) and Honda Motor Co (7267.T: Quote, Profile, Research) in April, and 49
percent at Nissan Motor Co (7201.T: Quote, Profile, Research).

Jul 13, 2011

Toyota overhauls domestic units to save Japan manufacturing

TOKYO, July 13 (Reuters) – Toyota Motor Corp
announced a $1.3 billion overhaul of its manufacturing in
northeastern Japan, including the purchase of two listed units,
in an attempt to boost efficiency and soften the blow from a yen
trading near a record high.

The world’s biggest automaker said on Wednesday it would use
share swaps to turn Toyota Auto Body and Kanto Auto
Works into wholly owned units and expects to delist
their shares on Dec. 28.

    • About Chang-Ran

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