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

Jun 23, 2011

Suzuki surprises with forecast for profit rise

TOKYO, June 23 (Reuters) – Suzuki Motor Corp
forecast a better-than-expected 2.9 percent rise in annual
operating profit on Thursday powered by a sales surge in Asia
and a swift resolution to post-quake disruption to vehicle
production.

Suzuki said domestic factories were gradually returning to
conditions before the March 11 earthquake, allowing it to bring
back overtime from July and increase output in August compared
with a year earlier for the first time since the quake.

Jun 22, 2011

Nissan’s Ghosn: to forecast “significantly higher” sales

TOKYO (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz) will forecast “significantly higher” sales for fiscal 2011 on Thursday after restoring production more quickly than expected from a post-quake setback, CEO Carlos Ghosn told a Thomson Reuters Newsmaker event.

Nissan, like other Japanese automakers, had delayed providing this year’s financial forecasts due to uncertainty over when parts supplies would fully recover after the March 11 earthquake in Japan’s northeast.

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.

    • 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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