Auto industry fights to recover
Source: Agencies |
July 26, 2011, Tuesday
|
Print Edition
Print Edition
JAPAN'S vehicle manufacturers have reported mixed production figures as the industry attempts to recover after the earthquake and tsunami in March damaged factories and disrupted supplies, forcing the companies to scale back production and exports.
Some, such as Nissan, are doing considerably better than others. Nissan made 419,831 vehicles worldwide in June, up 18.5 percent from the same time last year and a record for a single month.
Its production in Japan rose 1.9 percent to 102,390 units. Global vehicle sales rose more than 13 percent in volume terms, and exports jumped 25 percent.
The Yokohama-based company has unveiled plans to expand in Southeast Asia over the next six years, looking to raise sales by more than three times to 500,000 vehicles.
Bigger rival Toyota also posted encouraging numbers. Although global production fell 9.2 percent to 593,839 vehicles, this is a vast improvement on the 49 percent plunge recorded in May. Domestic sales fell almost 36 percent in June, and exports retreated 21 percent.
Toyota said its domestic and overseas production levels should return to near pre-earthquake levels this month and reach full production later this year.
Honda is facing a tougher comeback. Its output worldwide in June was 44.5 percent down on last year at 168,373 vehicles, just a slight improvement from the 50.4 percent decline recorded in May.
Domestic sales slumped almost 36 percent, and exports plunged more than 60 percent.
Honda's production levels even fell under those of usually smaller rival Suzuki, both in June and for the first six months of the year.
Suzuki made 197,178 vehicles worldwide in June, down 15 percent from a year earlier.
Mitsubishi said global production rose 15.1 percent to 106,267 vehicles in June. Exports climbed more than 25 percent, while sales in Japan fell 10 percent.
Worldwide output at Mazda slipped 1.3 percent in June to 113,786 vehicles. Domestic sales tumbled almost 32 percent from a year earlier.
Some, such as Nissan, are doing considerably better than others. Nissan made 419,831 vehicles worldwide in June, up 18.5 percent from the same time last year and a record for a single month.
Its production in Japan rose 1.9 percent to 102,390 units. Global vehicle sales rose more than 13 percent in volume terms, and exports jumped 25 percent.
The Yokohama-based company has unveiled plans to expand in Southeast Asia over the next six years, looking to raise sales by more than three times to 500,000 vehicles.
Bigger rival Toyota also posted encouraging numbers. Although global production fell 9.2 percent to 593,839 vehicles, this is a vast improvement on the 49 percent plunge recorded in May. Domestic sales fell almost 36 percent in June, and exports retreated 21 percent.
Toyota said its domestic and overseas production levels should return to near pre-earthquake levels this month and reach full production later this year.
Honda is facing a tougher comeback. Its output worldwide in June was 44.5 percent down on last year at 168,373 vehicles, just a slight improvement from the 50.4 percent decline recorded in May.
Domestic sales slumped almost 36 percent, and exports plunged more than 60 percent.
Honda's production levels even fell under those of usually smaller rival Suzuki, both in June and for the first six months of the year.
Suzuki made 197,178 vehicles worldwide in June, down 15 percent from a year earlier.
Mitsubishi said global production rose 15.1 percent to 106,267 vehicles in June. Exports climbed more than 25 percent, while sales in Japan fell 10 percent.
Worldwide output at Mazda slipped 1.3 percent in June to 113,786 vehicles. Domestic sales tumbled almost 32 percent from a year earlier.
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