Asia autos correspondent, Tokyo
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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.

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.

    • 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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