Asia autos correspondent, Tokyo
Chang-Ran's Feed
Feb 9, 2011

Nissan Q3 down 15 pct, ups f’cast to match consensus

YOKOHAMA, Feb 9 (Reuters) – Nissan Motor Co’s (7201.T: Quote, Profile, Research, Stock Buzz)
quarterly profit fell 15 percent on a stronger yen and sliding
Japanese sales, but the decline was the slimmest among local
automakers as a slew of new models helped Nissan beat the
sector’s growth in key markets.

Nissan, which overtook Honda Motor as Japan’s second-biggest
automaker last year, has been a standout particularly in China,
where a lineup of small cars that qualified for tax incentives
fuelled 36 percent sales growth last year.

Feb 8, 2011

Nissan Q3 drop seen limited as sales outpace rivals

TOKYO, Feb 9 (Reuters) – Nissan Motor Co is expected to report a
smaller decline in quarterly profit than its domestic rivals as a slew of new
model launches helped Japan’s No.2 automaker beat the industry’s sales growth in
key markets.

Nissan has been a standout particularly in China, where its line-up is heavy
in smaller cars such as the Tiida compact, which qualified for tax incentives.
Nissan was also among the only brands to grow in the tepid European market as
consumers liked the new Juke crossover and demand stayed strong for the older
Qashqai SUV.

Feb 8, 2011

Toyota lifts forecast sharply but yen remains drag

TOKYO (Reuters) – Toyota Motor Corp lifted its annual forecasts beyond market expectations as cost-cuts and sales exceeded its plans, but a heavy reliance on exports will keep it a laggard as long as the yen stays strong.

The world’s top automaker posted a smaller-than-expected fall in third-quarter profits and raised its sales forecast for the year ending March 31 by 70,000 vehicles to 7.48 million, thanks to better than expected sales in Asia, Japan and Russia.

Feb 8, 2011

Toyota Q3 profit halves, lifts full-year forecast

TOKYO (Reuters) – Toyota Motor Corp’s 48 percent drop in quarterly profit highlighted its exposure to a firm yen, but the world’s No.1 automaker raised its full-year outlook beyond market forecasts on stronger sales projections and cost cuts.

Japan’s No.2 Nissan Motor Co is also expected on Wednesday to report a drop in third-quarter profits due to the stronger yen and falling demand in Japan and smaller rival Honda Motor Co has already posted weaker results for the period. But the decline at Toyota is set to be the deepest given its heavier exposure to unprofitable exports from Japan.

Feb 8, 2011

Toyota Q3 operating profit falls 47.6 percent

TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research) reported a 47.6 percent drop in quarterly profits, hit by slumping Japanese car sales and a firm yen, highlighting its damaging exposure to the loss-making export business.

Nissan and Honda are also seen suffering a drop in third-quarter profits due to the stronger yen and falling demand in Japan, but the decline at Toyota is set to be the deepest given its heavier exposure to unprofitable exports from Japan.

Feb 7, 2011

Toyota Q3 set to slump on Japan sales

TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) is expected to report a huge drop in quarterly profits on Tuesday hit by tanking Japanese car sales and a firm yen, highlighting its damaging exposure to the loss-making export business.

Domestic rivals Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz) and Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz) are also seen suffering a drop in October-December profits, but the decline at Toyota is set to be the deepest given its heavier weighting in the shrinking Japanese market.

Feb 7, 2011

Toyota Q3 set to slump on Japan sales, outlook eyed

TOKYO, Feb 8 (Reuters) – Toyota Motor Corp is
expected to report a huge drop in quarterly profits on Tuesday
hit by tanking Japanese car sales and a firm yen, highlighting
its damaging exposure to the loss-making export business.

Domestic rivals Nissan Motor Co and Honda Motor Co
are also seen suffering a drop in October-December
profits, but the decline at Toyota is set to be the deepest
given its heavier weighting in the shrinking Japanese market.

Feb 7, 2011

Suzuki Motor Q3 op profit up 31 percent, keeps forecast

TOKYO (Reuters) – Suzuki Motor Corp (7269.T: Quote, Profile, Research, Stock Buzz), Japan’s No.4 automaker, posted a 31 percent rise in quarterly profit on Monday on brisk sales in Asia, but stuck to its conservative forecasts as competition intensifies in the key Indian market.

Suzuki has enjoyed robust earnings growth compared with most domestic rivals thanks to its limited exposure to the stronger yen and heavy weighting in India, where majority-held unit Maruti Suzuki India Ltd (MRTI.BO: Quote, Profile, Research, Stock Buzz) sells every other car.

Feb 4, 2011

Nippon-Sumitomo merger stirs hope for steel shakeup

TOKYO (Reuters) – Plans by Nippon Steel Corp (5401.T: Quote, Profile, Research, Stock Buzz) and Sumitomo Metal Industries (5405.T: Quote, Profile, Research, Stock Buzz) to create the world’s No. 2 steelmaker fanned expectations of further consolidation in the fragmented industry, sending Japanese steelmakers shares surging on Friday.

Over-capacity has long been a problem for the global steel industry, but big deals have been few and far between since the merger that created top steel company ArcelorMittal (ISPA.AS: Quote, Profile, Research, Stock Buzz) in 2006.

Feb 3, 2011

Nippon Steel, Sumitomo to create world No.2 steelmaker

TOKYO (Reuters) – Japan’s Nippon Steel Corp (5401.T: Quote, Profile, Research, Stock Buzz) and Sumitomo Metal Industries (5405.T: Quote, Profile, Research, Stock Buzz) plan to merge to create the world’s second-largest steelmaker as they battle tough competition from Asian rivals and shrinking demand from domestic automakers.

The deal, which would likely see Japan’s top steelmaker Nippon Steel acquiring Sumitomo Metal, valued at $11 billion, comes as the industry grapples with surging prices for steelmaking ingredients iron ore and coking coal.

    • 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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