Asia autos correspondent, Tokyo
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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.

Apr 20, 2011

Japanese automakers shield China from supply disruption

SHANGHAI, April 20 (Reuters)- Japanese automakers said the
shortage of certain Japan-made parts was starting to affect
production in China, but played down fears that sales would also
be hit as they seek to keep up with the fast-growing but
fiercely competitive market.

Toyota Motor Corp , the world’s largest automaker,
said on Wednesday it would cut production in China in half until
June 3 because of the supply disruptions stemming from the March
11 earthquake in Japan.

Apr 19, 2011

New-energy vehicles take spotlight at Shanghai show

SHANGHAI, April 19 (Reuters) – Electric and “new-energy”
vehicles took the spotlight at China’s Shanghai Auto Show on
Tuesday with Honda Motor Co and one of its Chinese
partners joining the ranks of other car makers announcing new
models of energy efficient cars.

While car makers are bullish about the future of the “green”
vehicles in the world’s largest auto market, questions remain
over China’s use of coal to generate the majority of its
electricity, consumer perceptions about the safety and
convenience of electric cars and not least, the Chinese
government’s plans and policies for the electric-hybrid
industry.

Apr 18, 2011

Ford’s China JV mulling own brand-Changan Auto

SHANGHAI, April 18 (Reuters) – Chongqing Changan Automobile
Co Ltd , which has a three-way partnership with Ford
Motor Co and Mazda Motor Corp in China, said on
Monday that the joint venture is considering rolling out its own
brand.

The comment from Changan Auto’s general manager, Zhang
Baolin, comes as more Chinese automakers develop their own
brands with help from their foreign partners after selling and
making cars under the more well-known foreign badges in joint
ventures that are legally required by Beijing.

    • 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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