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

May 9, 2011

Japan nuclear plant shutdown adds new risk to economy

TOKYO (Reuters) – The surprise closure of another Japanese nuclear plant, this time at the power supplier to the heart of the auto industry, threatens to dampen consumer sentiment and will provide car makers with yet another reason to produce fewer cars in Japan.

Chubu Electric Power (9502.T: Quote, Profile, Research, Stock Buzz) agreed on Monday to close its Hamaoka plant in central Japan, raising concerns over the steady supply of power to its region, which is home to Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) and other major manufacturers.

May 9, 2011

Japan nuclear plant shutdown adds new risk to economy, auto industry

TOKYO, May 9 (Reuters) – The surprise closure of another
Japanese nuclear plant, this time at the power supplier to the
heart of the auto industry, threatens to dampen consumer
sentiment and will provide car makers with yet another reason to
produce fewer cars in Japan.

Chubu Electric Power agreed on Monday to close its
Hamaoka plant in central Japan, raising concerns over the steady
supply of power to its region, which is home to Toyota Motor
Corp and other major manufacturers.

May 2, 2011

Quake sinks Japan April car sales to record low

TOKYO/SEOUL (Reuters) – Japanese new vehicle sales in April halved, sinking to the lowest monthly tally on record, as domestic automakers felt the full brunt of the March 11 earthquake that caused unprecedented disruption to car production.

In stark contrast, the fortunes of South Korea’s Hyundai Motor (005380.KS: Quote, Profile, Research, Stock Buzz) and affiliate Kia Motors (000270.KS: Quote, Profile, Research, Stock Buzz) brightened, as they benefited from the Japanese automakers’ woes to post double-digit growth in global sales for the month.

May 2, 2011

Quake sinks Japan April car sales to record low; Hyundai gains

TOKYO/SEOUL, May 2 (Reuters) – Japanese new vehicle sales in
April halved, sinking to the lowest monthly tally on record, as
domestic automakers felt the full brunt of the March 11
earthquake that caused unprecedented disruption to car
production.

In stark contrast, the fortunes of South Korea’s Hyundai
Motor and affiliate Kia Motors
brightened, as they benefited from the Japanese automakers’ woes
to post double-digit growth in global sales for the month.

Apr 28, 2011

Honda struggles with quake fallout, Hyundai surges

TOKYO/SEOUL (Reuters) – Top Asian car makers Honda Motor (7267.T: Quote, Profile, Research, Stock Buzz) and Hyundai Motor Co (005380.KS: Quote, Profile, Research, Stock Buzz) painted vastly different portraits on Thursday, with Hyundai turning in a stellar quarterly performance while Honda struggled to overcome supply woes after Japan’s devastating earthquake.

Japanese automakers have slashed production and are yet to figure out how fast parts makers affected by the magnitude-9.0 earthquake on March 11 will recover, making it difficult to give earnings forecasts for the current year to March 2012.

Apr 28, 2011

Honda Q4 profit down 52 percent, gives no annual guidance

TOKYO (Reuters) – Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz) reported a 52 percent fall in quarterly operating profit and refrained from providing an outlook for the new year as it struggles to measure the speed of its recovery after last month’s massive earthquake in Japan.

Japanese automakers have yet to figure out how fast all of the parts makers affected by the magnitude-9.0 quake on March 11 will fully recover, making it difficult to give an earnings projection for the business year to March 2012.

Apr 28, 2011

Honda outlook grim, Hyundai to gain on Japan quake

TOKYO/SEOUL, April 28 (Reuters) – Honda Motor and
Hyundai Motor will paint vastly different pictures
for the year ahead when they report earnings on Thursday after
the March 11 earthquake hammered car production in Japan and
helped overseas rivals in the process.

The magnitude-9.0 earthquake and the tsunami it triggered
have disrupted the supply of hundreds of components from Japan’s
northeast region, paralysing car production and reversing what
had been shaping up to be a firm recovery from the financial
crisis for Japanese automakers.

Apr 22, 2011

Toyota says output to return to normal in November or December

TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) said it could take until the end of the year before production has fully recovered to levels before the massive earthquake and tsunami on March 11 devastated Japan’s northeast, disrupting the supply of key parts.

In the clearest forecast yet of how long it will take for the Japanese auto industry to recover, Toyota said output would start to pick up in July in Japan and around August overseas, with a complete recovery not until November or December.

Apr 22, 2011

Toyota says output to return to normal in Nov or Dec

TOKYO, April 22 (Reuters) – Toyota Motor Corp said
it could take until the end of the year before production has
fully recovered to levels before the massive earthquake and
tsunami on March 11 devastated Japan’s northeast, disrupting the
supply of key parts.

In the clearest forecast yet of how long it will take for
the Japanese auto industry to recover, Toyota said output would
start to pick up in July in Japan and around August overseas,
with a complete recovery not until November or December.

    • 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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