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

May 11, 2011

Toyota says yen threatens Japan output as Q4

TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research) posted a steeper-than-expected fall in quarterly profits after Japan’s biggest quake on record hit output, and lamented that making cars at home was tougher than ever now with disasters compounding the impact of a strong yen.

The world’s biggest automaker gave no forecasts for the current year due to the continued disruption to production, but said output would begin recovering as much as two months earlier than it had expected as parts makers come back on line.

May 11, 2011

Toyota says yen threatens Japan output as Q4 tumbles

TOKYO (Reuters) – Toyota Motor Corp posted a steeper-than-expected fall in quarterly profits after Japan’s biggest quake on record hit output, and lamented that making cars at home was tougher than ever now with disasters compounding the impact of a strong yen.

The world’s biggest automaker gave no forecasts for the current year due to the continued disruption to production, but said output would begin recovering as much as two months earlier than it had expected as parts makers come back on line.

May 11, 2011

Toyota outlook bleak as parts shortage hits output

TOKYO, May 11 (Reuters) – Toyota Motor Corp is
facing another tough year as a severe shortage of parts caused
by the March 11 earthquake hammers production just as the
world’s biggest automaker was putting its recall woes behind it.

Like rival Honda Motor Co , Toyota is expected to
forego announcing annual financial forecasts when it reports
fourth-quarter results on Wednesday until it gets a clearer
picture of the pace of recovery in production.

May 10, 2011

Suzuki Q4 op profit down 51 pct, skips forecasts

TOKYO, May 10 (Reuters) – Suzuki Motor Corp posted
a 51 percent drop in quarterly operating profit on Tuesday and,
like its peers, did not provide forecasts for the new financial
year amid uncertainty over the supply of parts and power.

Like the rest of the industry, Japan’s fourth-largest
automaker has been hit by a supply chain disruption since the
earthquake and tsunami on March 11. But its huge exposure to the
fast-growing Indian market, where virtually all parts are
sourced locally, puts it in a better position than Toyota Motor
Corp and Honda Motor Co , analysts said.

May 10, 2011

Fuji Heavy names new president, quake snaps brisk run

TOKYO, May 10 (Reuters) – Japan’s Fuji Heavy Industries
reported its highest annual operating profit in nine
years and appointed a new president to lead the maker of Subaru
cars through the next phase of growth once the dust settles from
the disastrous earthquake in March.

The smallest of Japan’s eight car makers has been one of the
fastest-growing brands in the industry, with a stellar run
especially in its key U.S. market.

    • 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