Asia autos correspondent, Tokyo
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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.

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.

    • 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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