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

Jul 12, 2011

Toyota looks to gain momentum in India with Etios

OYAMA-CHO, Japan/MUMBA (Reuters) – Toyota Motor said orders for the made-for-India Etios model were easily outpacing its targets so far, providing momentum in the fast-emerging market where the dominance of Maruti Suzuki India remains largely unchallenged.

In the first seven months of sales for the Etios sedan, the world’s biggest automaker received 37,000 orders, compared with a target for that period of 30,000, Toshihiro Takeda, manager of Toyota’s India product planning group, said on Tuesday.

Jul 12, 2011

Toyota looks to gain momentum in India with low-cost Etios

OYAMA-CHO, Japan/MUMBAI, July 12 (Reuters) – Toyota Motor
said orders for the made-for-India Etios model were
easily outpacing its targets so far, providing momentum in the
fast-emerging market where the dominance of Maruti Suzuki India
remains largely unchallenged.

In the first seven months of sales for the Etios sedan, the
world’s biggest automaker received 37,000 orders, compared with
a target for that period of 30,000, Toshihiro Takeda, manager of
Toyota’s India product planning group, said on Tuesday.

Jul 11, 2011

Car makers jump on energy bandwagon as Japan saves power

TOKYO, July 11 (Reuters) – With the country steeped in
power-saving mode, energy generation has become all the rage
among Japanese automakers.

Nissan Motor Co on Monday unveiled a new charging
system that gets electricity from solar power that can also be
stored in the lithium-ion batteries used in its Leaf electric
car.

    • 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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