Asia autos correspondent, Tokyo
Chang-Ran's Feed
Nov 7, 2011

Toyota seen keeping annual guidance despite Thai floods

TOKYO, Nov 8 (Reuters) – Toyota Motor Corp is set
to post a drop in quarterly operating profit on Tuesday as
supply shortages from the March earthquake kept output low,
while floods in Thailand pose a fresh threat for the rest of the
year.

Toyota is also drowning under a stubbornly strong yen, which
is making its annual exports of 1.5 million vehicles from Japan
unprofitable and less competitive against cars from the likes of
Hyundai Motor Co .

Nov 7, 2011

No longer beast, Toyota strives for beauty

NUERBURGRING, Germany (Reuters) – As Toyota Motor President Akio Toyoda passed the banged-up Aston Martin Zagato in his Lexus LFA on the Nuerburgring race track last month, he figured that was it for the British race car.

Toyoda and Aston Martin CEO Ulrich Bez, both recognized for their contribution to motorsports by the German auto industry this year, were meant to switch cars later and cross the finish line side by side — Bez in the Lexus, the Toyota (7203.T: Quote, Profile, Research, Stock Buzz) chief in the Zagato.

Nov 7, 2011

Suzuki Q2 op profit up despite strife in India

TOKYO (Reuters) – Suzuki Motor Corp on Monday posted a 6.2 percent rise in quarterly operating profit as lower marketing costs offset a fall in sales, particularly in India where its subsidiary was struck by labour unrest.

Thanks to a big overshoot in the first half, Japan’s No.4 automaker kept its cautious annual forecasts unchanged even though it assumed tougher exchange rates for the rest of the year.

Nov 7, 2011

Suzuki Q2 up despite India strikes, keeps forecasts

TOKYO (Reuters) – Suzuki Motor Corp on Monday posted a 6.2 percent rise in quarterly operating profit as lower marketing costs offset a fall in sales, particularly in India where its subsidiary was struck by labour unrest.

Thanks to a big overshoot in the first half, Japan’s No.4 automaker kept its cautious annual forecasts unchanged even though it assumed tougher exchange rates for the rest of the year.

Nov 7, 2011

Suzuki Q2 op profit up despite India strife, keeps guidance

TOKYO, Nov 7 (Reuters) – Suzuki Motor Corp on
Monday posted a 6.2 percent rise in quarterly operating profit
as lower marketing costs offset a fall in sales, particularly in
India where its subsidiary was struck by labour unrest.

Thanks to a big overshoot in the first half, Japan’s No.4
automaker kept its cautious annual forecasts unchanged even
though it assumed tougher exchange rates for the rest of the
year.

Nov 7, 2011

Special Report: No longer the beast, Toyota strives for beauty

NUERBURGRING, Germany (Reuters) – As Toyota Motor President Akio Toyoda passed the banged-up Aston Martin Zagato in his Lexus LFA on the Nuerburgring race track last month, he figured that was it for the British race car.

Toyoda and Aston Martin CEO Ulrich Bez, both recognized for their contribution to motorsports by the German auto industry this year, were meant to switch cars later and cross the finish line side by side — Bez in the Lexus, the Toyota chief in the Zagato.

Nov 4, 2011

Toyota extends output halt, reduction to next week on Thai floods

TOKYO, Nov 4 (Reuters) – Toyota Motor Corp said on
Friday it would keep its three Thai factories suspended and
output reduced in Japan next week, while also cutting production
in North America, South Africa and some Asian markets due to the
shortage of parts from flooded Thai suppliers.

The move was widely expected after rivals Nissan Motor Co
and Honda Motor Co said the impact from the
floods would last at least another week for Nissan and months
for Honda, whose car plant is under water.

Nov 2, 2011

Nissan lifts guidance, fends off floods, econ gloom

YOKOHAMA, Japan (Reuters) – Nissan Motor Co posted better-than-expected quarterly profits and lifted its annual earnings and sales forecasts on Wednesday, shaking off worries about the Thai floods and the global economy.

The move by Japan’s No.2 automaker stands in stark contrast to the results at rival Honda Motor Co, which withdrew its earnings guidance this week with no imminent recovery in sight for its flooded car factory in Thailand.

Nov 2, 2011

Nissan Q2 op profit beats consensus, lifts guidance

YOKOHAMA, Japan, Nov 2 (Reuters) – Nissan Motor Co
said its quarterly operating profit fell 4.6 percent, beating
analysts’ expectations and the company raised its annual
forecast closer to the market consensus despite a strengthening
yen, a shaky global economy and disruptive floods in Thailand.

Japan’s No.2 automaker is set to outshine rivals Toyota
Motor Corp and Honda Motor Co , which have been
hit harder by the Thai floods and have been slower in boosting
sales in emerging markets.

Oct 31, 2011

Honda withdraws annual guidance

TOKYO (Reuters) – Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz) withdrew its annual earnings guidance on Monday, blaming uncertainty in currency markets and floods in Thailand, just as it was starting to recover from Japan’s earthquake and tsunami.

Among Japanese automakers, Honda has been hit the hardest by the supply disruptions caused by both Asian disasters. The latest floods in Thailand have caused direct damage to the company’s car factory in Thailand’s Ayutthaya province.

    • 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
    • Follow Chang-Ran