Asia autos correspondent, Tokyo
Chang-Ran's Feed
Jul 1, 2011

Maruti Suzuki sales decline 8.8 pct in June

TOKYO/SEOUL (Reuters) – New vehicle sales in Japan slumped by more than a fifth in June as the production disruption from the March earthquake lingered, but the data showed a big improvement from the previous months as more parts became available.

In neighbouring South Korea, Hyundai Motor and Kia Motors extended their strong run with double-digit growth, driven by brisk sales of new models.

Jul 1, 2011

Japan car sales slump, Koreans gain globally

TOKYO/SEOUL, July 1 (Reuters) – New vehicle sales in Japan
slumped by more than a fifth in June as the production
disruption from the March earthquake lingered, but the data
showed a big improvement from the previous months as more parts
became available.

In neighbouring South Korea, Hyundai Motor and
Kia Motors extended their strong run with
double-digit growth, driven by brisk sales of new models.

Jun 29, 2011

Renault eyes 35 pct stake in Russia’s AvtoVaz, Nissan 15 pct

TOKYO, June 29 (Reuters) – Renault SA may raise
its stake in top Russian car maker AvtoVAZ to 35
percent, while Nissan Motor Co will likely own 15
percent, Renault-Nissan CEO Carlos Ghosn said in an analyst
presentation.

Ghosn gave the breakdown during a presentation to financial
analysts of Nissan’s new, six-year business plan on Monday,
according to several participants reached by Reuters on
Wednesday.

Jun 29, 2011

Renault eyes 35 pct stake in Russia’s AvtoVaz, Nissan 15 pct

TOKYO, June 29 (Reuters) – Renault SA may raise
its stake in top Russian car maker AvtoVAZ to 35
percent, while Nissan Motor Co will likely own 15
percent, Renault-Nissan CEO Carlos Ghosn said in an analyst
presentation.

Ghosn gave the breakdown during a presentation to financial
analysts of Nissan’s new, six-year business plan on Monday,
according to several participants reached by Reuters on
Wednesday.

Jun 28, 2011

Nissan hopes to hit 8 pct op margin within 3 yrs-CEO

YOKOHAMA, Japan, June 28 (Reuters) – Nissan Motor Co’s
chief executive said on Tuesday he hopes the company
can reach its operating profit margin target of 8 percent during
the first three years of a newly announced business plan.

Carlos Ghosn unveiled a six-year growth plan, called “Nissan
Power 88″, on Monday targeting an 8 percent global market share
and operating profit margin by the business year ending in March
2017.

Jun 28, 2011

Honda CFO says profit forecast not conservative

TOKYO (Reuters) – Honda Motor Co’s (7267.T: Quote, Profile, Research, Stock Buzz) annual operating profit forecast is not conservative given the yen’s strength and soaring raw materials prices, the automaker’s chief financial officer said on Tuesday.

Japan’s No.3 automaker this month forecast a worse-than-expected 65 percent fall in annual operating profit to 200 billion yen ($2.5 billion) for the year to March 2012. Many analysts consider its guidance overly conservative, with consensus forecasts putting the profit at 412 billion yen, according to Thomson Reuters I/B/E/S.

Jun 27, 2011

Nissan targets 8 percent market share, margin in 6 years

YOKOHAMA, Japan (Reuters) – Nissan Motor (7201.T: Quote, Profile, Research, Stock Buzz) outlined plans to boost both its global market share and profit margin to 8 percent within six years, promising a new vehicle every six weeks on average to woo consumers away from rivals.

The new mid-term business plan, dubbed Nissan Power 88, will focus on the major emerging markets of Brazil, Russia, India and China, as well as newly developing ones in Southeast Asia, Chief Executive Carlos Ghosn said.

Jun 23, 2011

Nissan sees annual operating profit down 14 percent

YOKOHAMA, Japan (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research) forecast a better-than-expected 14.4 percent fall in annual operating profit on Thursday, defying a quake-induced setback in the past few months and projecting another year of record sales.

Japan’s No. 2 automaker forecast an operating profit of 460 billion yen ($5.7 billion) for the year to March 2012, above an average forecast of 432 billion yen in a survey of 21 analysts by Thomson Reuters I/B/E/S.

Jun 23, 2011

Nissan profit view beats consensus

YOKOHAMA, Japan (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research) forecast a better-than-expected 14.4 percent fall in annual operating profit on Thursday, defying a quake-induced setback in the past few months and projecting another year of record sales.

Japan’s No. 2 automaker forecast an operating profit of 460 billion yen (3.5 billion pounds) for the year to March 2012, above an average forecast of 432 billion yen in a survey of 21 analysts by Thomson Reuters I/B/E/S.

Jun 23, 2011

Nissan sees annual op profit down 14 percent, above consensus

YOKOHAMA, Japan (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz) forecast a better-than-expected 14.4 percent fall in annual operating profit on Thursday, defying a quake-induced setback in the past few months and projecting another year of record sales.

Japan’s No. 2 automaker forecast an operating profit of 460 billion yen ($5.7 billion) for the year to March 2012, above an average forecast of 432 billion yen in a survey of 21 analysts by Thomson Reuters I/B/E/S.

    • 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