Asia autos correspondent, Tokyo
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Jun 22, 2011

Reuters Summit-UPDATE 1-Toyota could offset high yen with product mix

TOKYO, June 22 (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research) could
offset some of the pressure on profits from a strong yen by
making a higher-priced mix of vehicles in Japan, including
top-of-the-line luxury Lexus models, a senior executive said on
Wednesday.

Toyota Executive Vice President Yukitoshi Funo, who was
speaking at the Reuters Rebuilding Japan Summit in Tokyo, said a
U.S. dollar below 80 yen would put additional pressure on the
profitability of the automaker’s exports from Japan.

Jun 22, 2011

Reuters Summit-UPDATE 1-Nissan CEO Ghosn: to forecast ‘significantly higher’ sales

TOKYO, June 22 (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research) will
forecast “significantly higher” sales for fiscal 2011 on
Thursday after restoring production more quickly than expected
after the March 11 earthquake, CEO Carlos Ghosn told a Thomson
Reuters Newsmaker event in Tokyo.

Ghosn also said the carmaker would unveil new steps in the
coming weeks to accelerate its growth in the Brazilian market.

Jun 22, 2011

Reuters Summit-Nissan CEO Ghosn: to forecast ‘significantly higher’ sales

TOKYO, June 22 (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research) will
forecast “significantly higher” sales for fiscal 2011 on
Thursday after restoring production more quickly than expected
after the March 11 earthquake, CEO Carlos Ghosn told a Thomson
Reuters Newsmaker event in Tokyo.

Ghosn also said the carmaker would unveil new steps in the
coming weeks to accelerate its growth in the Brazilian market.

Jun 22, 2011

Toyota could offset high yen with product mix

TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) could offset some of the pressure on profits from a strong yen by making a higher-priced mix of vehicles in Japan, including top-of-the-line luxury Lexus models, a senior executive said on Wednesday.

Toyota Executive Vice President Yukitoshi Funo, who was speaking at the Reuters Rebuilding Japan Summit in Tokyo, said a U.S. dollar below 80 yen would put additional pressure on the profitability of the automaker’s exports from Japan.

Jun 22, 2011

Reuters Summit-Toyota could offset high yen with product mix

TOKYO, June 22 (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research) could
offset some of the pressure on profits from a strong yen by
making a higher-priced mix of vehicles in Japan, including
top-of-the-line luxury Lexus models, a senior executive said on
Wednesday.

Toyota Executive Vice President Yukitoshi Funo, who was
speaking at the Reuters Rebuilding Japan Summit in Tokyo, said a
U.S. dollar below 80 yen would put additional pressure on the
profitability of the automaker’s exports from Japan.

Jun 14, 2011

Honda sees annual profit down 65 pct, lags consensus

TOKYO, June 14 (Reuters) – Honda Motor Co on
Tuesday forecast a worse-than-expected 65 percent fall in annual
operating profit hampered by lingering disruption from the March
11 earthquake.

Honda, like other Japanese automakers, had delayed providing
financial forecasts because of uncertainty over when parts
supplies would recover after the magnitude 9.0 quake in Japan’s
northeast. In late April, it announced a 52 percent drop in
January-March operating profit after production came to a
virtual halt in the second half of March.

May 19, 2011

Japan automakers to rest weekdays in summer to ease burden on grid

TOKYO, May 19 (Reuters) – Japanese automobile and auto parts
makers collectively agreed to work on weekends and rest instead
on Thursdays and Fridays to ease the burden on the grid during
peak power consumption months in the summer, an industry lobby
said on Thursday.

The extraordinary measure will be taken for three months
from the first week of July to September at factories
nationwide, the Japan Automobile Manufacturers Association
(JAMA) said.

May 17, 2011

Honda, Nissan accelerate efforts to resume full output

TOKYO (Reuters) – Two of Japan’s top automakers are trying to accelerate their efforts to resume full production, but said normal output is unlikely to happen until after the summer due to persistent shortages of parts.

Employees at Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz) are working hard to restore quake-hit production at Japan’s No.2 automaker to full levels before an October target, although such an early recovery may be hard to achieve, Chief Executive Carlos Ghosn said on Tuesday.

May 12, 2011

Nissan Q4 rises, says full production likely by October

YOKOHAMA, Japan (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz) posted a 7.2 percent rise in quarterly operating profit on Thursday and said global production disrupted by Japan’s March 11 earthquake will return to normal a least a month earlier than predicted by bigger home rival, Toyota Motor Corp.

A resolution to the parts bottleneck for all automakers could be closer than it appeared just a week ago, with Toyota (7203.T: Quote, Profile, Research, Stock Buzz) announcing on Wednesday that production would gradually begin to normalize in June, as much as two months earlier than expected.

May 11, 2011

Toyota vows to stay in Japan as quake hits Q4

TOKYO (Reuters) – Japan’s biggest earthquake on record hit Toyota Motor Corp’s quarterly profits harder than expected, prompting renewed calls for the government to do more to support Toyota’s pledge to keep building large numbers of cars in Japan.

The 9.0 magnitude earthquake that rocked north-eastern Japan on March 11 forced Toyota and other Japanese automakers to slash output at home and abroad as they struggled to secure vital parts. The ensuing nuclear disaster and power shortages have compounded problems.

    • 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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