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.
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
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.
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.
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.
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.
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.
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
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.
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.
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.
TOKYO/LONDON, July 23 (Reuters) – Japan’s All Nippon Airways
said on Monday it had grounded part of its fleet of new
787 Dreamliners after tests revealed a risk of engine corrosion,
sending shares in Boeing and engine maker Rolls-Royce down
around 3 percent.
The launch customer for the world’s first passenger jet
built mainly from lightweight carbon fiber said the move stemmed
from a flawed process that could leave part of its
UK-manufactured engines vulnerable to early corrosion.