Asia autos correspondent, Tokyo
Chang-Ran's Feed
Feb 7, 2012

Toyota Q3 jumps, raises FY outlook on cost cuts, incentives

TOKYO (Reuters) – Toyota Motor Corp reported a stronger-than-expected quarterly operating profit, shrugging off a firm yen and the damaging impact of flooding in Thailand, and raised its annual forecast, helped by cost cuts and Japanese government subsidies.

Widespread floods in Thailand late last year battered Toyota just as it was recovering from production lost to the earthquake in Japan in March. The floods cost Toyota 240,000 vehicles in lost output worldwide, dragging 2011 global sales down by 6 percent and allowing General Motors Co and Volkswagen AG to overtake it in global vehicle sales.

Feb 6, 2012

Toyota Q3 seen weaker but investors look for guidance upgrade

TOKYO (Reuters) – Japan’s top carmaker, Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz), is expected to report weaker quarterly earnings on Tuesday, hurt by a stronger yen and recent floods in auto-making hub Thailand, but investors will be hoping for an upgrade to its full-year profit guidance.

Thailand’s deadly floods last fall came just as Toyota was ramping up production to recover from losses caused at home by Japan’s earthquake in March 2011. Disruption from the floods cost Toyota 260,000 vehicles of lost output worldwide last year.

Feb 1, 2012

Maruti reports first monthly sales rise since May 2011

TOKYO/SEOUL (Reuters) – Japanese car sales turned sharply higher in January, buoyed by the government’s efforts to help its struggling auto industry, while sales in South Korea shrank on a slowing economy and a lull during the Lunar New Year holiday.

Japanese automakers are set to get a much-needed boost this year from Tokyo’s extension beyond the March deadline of tax incentives to buy fuel-efficient cars and new subsidies that took effect on December 20 to scrap older vehicles.

Feb 1, 2012

Japan car sales jump on tax breaks; Korea tumbles

TOKYO/SEOUL, Feb 1 (Reuters) – Japanese car sales
turned sharply higher in January, buoyed by the government’s
efforts to help its struggling auto industry, while sales in
South Korea shrank on a slowing economy and a lull during the
Lunar New Year holiday.

Japanese automakers are set to get a much-needed boost this
year from Tokyo’s extension beyond the March deadline of tax
incentives to buy fuel-efficient cars and new subsidies that
took effect on Dec. 20 to scrap older vehicles.

Jan 31, 2012

Honda slashes annual profit outlook on disasters, yen

TOKYO (Reuters) – Honda Motor Co (7267.T: Quote, Profile, Research) forecast a worse-than-expected 65 percent drop in profit for the year to March after natural disasters in Japan and Thailand hammered it harder than its rivals while the strong yen delivered an added blow.

Japan’s No.3 automaker was the slowest to recover from supply chain disruptions after the earthquake and tsunami in March, while it was alone in having a car factory inundated by historic floods in Thailand, Southeast Asia’s export hub.

Jan 31, 2012

Honda foresees big annual profit fall on disasters, yen

TOKYO (Reuters) – Honda Motor Co posted a 65 percent slide in quarterly operating profit on Tuesday and forecast the same drop for the full year, when natural disasters in Japan and Thailand hit it harder than rivals.

Japan’s No.3 automaker was the slowest to recover from supply chain disruptions after the earthquake and tsunami in March, while it was alone in having a car factory inundated by the historic floods in Thailand, Southeast Asia’s export hub.

Jan 30, 2012

Japanese carmaker Honda’s Q3 seen hit by disasters, yen

TOKYO (Reuters) – Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz) is expected to report a double-digit slide in quarterly operating profit on Tuesday and forecast a still larger drop for the full year, as natural disasters in Japan and Thailand hit it harder than rivals.

Japan’s No.3 automaker was the slowest to recover from supply-chain disruptions after the earthquake and tsunami in March, while it was alone in having a car factory inundated by the historic floods in Thailand, Southeast Asia’s export hub.

Jan 30, 2012

Honda out to shake up market with first jet next year

TOKYO (Reuters) – Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz) expects to grab at least a quarter of the world market for small business jets soon after delivering its first aircraft next year, achieving the company’s long-standing goal of taking to the skies, an executive said.

Honda, Japan’s No.3 car maker and the world’s biggest manufacturer of motorcycles and engines, is in the final stages of getting its $4.5 million HondaJet certified. It aims to ramp up the pace of production to 80 a year in the first half of 2013.

Jan 20, 2012

GM regains crown as world’s top-selling automaker

DETROIT/TOKYO (Reuters) – General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) regained its title as the world’s top-selling automaker in 2011, less than three years after its 2009 taxpayer-funded bankruptcy under the Obama administration.

The Detroit-based automaker’s return to the top slot comes as Japanese rival and former No. 1 seller Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) slips in the rankings after an earthquake in Japan and deadly floods in Thailand hampered its production in 2011.

Jan 20, 2012

GM regains crown as top-selling automaker, Toyota No. 3

DETROIT/TOKYO, Jan 20 (Reuters) – General Motors Co
regained its title as the world’s top-selling automaker
from Japanese rival Toyota Motor Corp in 2011, but the
U.S. company faces a challenge to stay on top this year as
Toyota rebuilds its disaster-struck business.

GM, bouncing back from bankruptcy only less than three years
ago, said on Thursday it had sold 9.026 million vehicles
globally last year, up 7.6 percent from 2010, with its Chevrolet
brand setting a sales record of 4.76 million vehicles.

    • 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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