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Oct 9, 2012

Japan car sales in China tumble, hit by islands row

BEIJING/TOKYO, Oct 9 (Reuters) – Japanese car makers
reported tumbling sales in China for September – with Toyota’s
almost halving – confirming the impact of a territorial row
between the two countries and raising concerns about their
future in the world’s biggest auto market.

Violent protests and calls for boycotts of Japanese products
broke out across China in mid-September after Japan nationalized
two of the East China Sea islands, known as the Diaoyu in
Chinese and the Senkaku in Japanese, by purchasing then from
their private owners.

Sep 28, 2012

For Japan’s carmakers, Europe market is worth the struggle

PARIS (Reuters) – Japanese automakers, battered by a strong yen, are hunkering down in a stormy Europe, taking tentative steps to stand up to their aggressive South Korean rivals, in a market they see as challenging, but worth the effort.

All Japanese carmakers’ sales declined in Western Europe in the eight months to August from a year ago, ranging from Toyota Motor Corp’s (7203.T: Quote, Profile, Research, Stock Buzz) 0.9 percent dip to Mitsubishi Motors’ (7211.T: Quote, Profile, Research, Stock Buzz) 34.5 percent tumble.

Sep 20, 2012

Japan carmakers face $250 mln in lost China output, new risk

TOKYO, Sept 20 (Reuters) – Japanese automakers, led by
Nissan Motor Co, have lost an estimated $250 million in
output because of anti-Japan protests in China this week and now
face the risk that sales will sputter in the world’s largest car
market.

Chinese protesters took to the streets this week in response
to an escalating dispute with Japan over ownership of a group of
isles in the East China Sea, prompting Japanese automakers
including Toyota Motor Corp, Honda Motor Co
and Nissan to temporarily halt operations at plants in China.

Aug 3, 2012

Toyota rebounds to post stronger-than-expected profit

TOKYO, Aug 3 (Reuters) – Toyota Motor Corp on
Friday posted its largest quarterly operating profit in four
years and raised its 2012 global sales target on the strength of
demand for cars like the Camry and Prius in key markets such as
the United States and Japan.

The world’s top automaker reported an operating profit of
353 billion yen ($4.51 billion), from a loss a year ago, a
better-than-expected result that underscored its rebound from
the natural disasters that blighted 2011.

Aug 2, 2012

Toyota rebounds from disasters, but can it stay on track?

TOKYO (Reuters) – Toyota Motor Co. (7203.T: Quote, Profile, Research, Stock Buzz) is back on its feet after a year marred by natural disasters, recapturing its crown as the world’s top-selling carmaker and looking to raise its 2012 production and sales forecasts.

The company is expected to report on Friday its biggest quarterly operating profit in four years, marking a full comeback from the disruption that followed last year’s huge earthquake and tsunami in Japan and flooding in Thailand that disrupted supply chains.

Jul 31, 2012

Honda quarterly profit jumps, confident on recovery

TOKYO (Reuters) – Honda Motor Co’s (7267.T: Quote, Profile, Research, Stock Buzz) quarterly profit surged nearly eight-fold on a rebound in its key North American market, prompting Japan’s third-biggest carmaker to reaffirm its full-year earnings outlook and maintain its ambitious global sales target.

Sales volumes surged globally in the three months to June as Honda’s restored production network, wrecked by last year’s earthquake and tsunami in Japan and floods in Thailand, finally caught up with pent-up demand. The company’s market share has recovered to pre-quake levels in the United States, its largest market, industry data shows.

Jul 26, 2012

Nissan first-quarter profit down on costly incentives, strong yen

YOKOHAMA, Japan (Reuters) – Nissan Motor Corp (7201.T: Quote, Profile, Research, Stock Buzz) posted a steeper-than-expected 19.7 percent drop in quarterly operating profit on Thursday as a strong yen and costly sales incentives outweighed the impact of solid vehicle sales.

Japan’s second-biggest automaker vowed though to meet its full-year operating profit target of 700 billion yen, pinning its hopes on revamps of existing models, such as the Altima sedan, to boost earnings.

Jul 26, 2012

Nissan Q1 profit down on costly incentives, strong yen

YOKOHAMA, Japan, July 26 (Reuters) – Nissan Motor Corp
posted a steeper-than-expected 19.7 p ercent drop i n
quarterly operating profit on Thursday as a strong yen and
costly sales incentives outweighed the impact of solid vehicle
sales.

Japan’s second-biggest automaker vowed though to meet its
full-year operating profit target of 700 billion yen, pinning
its hopes on revamps of existing models, such as the Altima
sedan, to boost earnings.

Jul 25, 2012

China slowdown to weigh on results, outlook of Nissan, rivals

TOKYO/SEOUL (Reuters) – Sputtering growth in China, the world’s largest auto market, is clouding the outlook for Asian car brands and will weigh on results due for release in coming weeks.

Auto sales in China grew just 2.9 percent in the first half of 2012 after posting anemic growth of 2.5 percent in 2011, setting the country up for its slowest back-to-back years of growth since the market took off in the late 1990s.

Jul 24, 2012

ANA grounds Dreamliners, citing engine corrosion risk

TOKYO/LONDON (Reuters) – Japan’s All Nippon Airways said on Monday it grounded part of its fleet of 787 Dreamliners after tests revealed a risk of engine corrosion, but Boeing Co, the aircraft’s manufacturer, said it does not expect the timing of deliveries of the jetliner to be affected.

The engines on the ANA planes, Trent 1000s, were supplied by Rolls-Royce (RR.L: Quote, Profile, Research, Stock Buzz), which said it was replacing a component on a number of its engines.

    • About Yoko

      "Based in Tokyo since 2007, I have been covering politics in the world's third-biggest economy, as well as Japan's nuclear disaster, energy issues and diplomacy."
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