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Tag Archives: japan earthquake
Toyota Loses ¥33 Billion in First Half FY 2012. Scraps Forecast
In North America – Toyota’s second largest market – vehicle sales totaled 689,000 thousand units, a decrease of 352,000 units compared to the same period last fiscal year. Operating income decreased by ¥84.4 billion to ¥61.5 billion, including ¥15.6 billion of valuation gains/losses on interest rate swaps. Operating income, excluding the impact of valuation gains/losses on interest rate swaps, decreased by ¥109.8 billion to ¥45.9 billion. Continue reading
Japan Production Still Not Completely Restored JAMA Says
U.S. automakers have been benefiting from Japan’s absence from the market. Earlier this week Ford Motor reported that it had increased U.S. revenue by $700,000 dollars in Q3 because it raised prices or trimmed incentives. Continue reading
Posted in auto news, economy, manufacturing, news analysis, results, transportation
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, jama, japan auto production, japan earthquake, japanese automobile exports, japanese automobile production, Ken Zino, results, zino
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Japan Auto Industry to decline 14% in 2011 JAMA Predicts
Total demand for passenger cars and commercial vehicles in Japan for calendar year 2011 will be 4.25 million units, down 14.2% from the previous year, according to the Japan Automobile Manufacturers Association – JAMA, which has now its first official forecast since December of 2010. Continue reading
Toyota Production Now at 100% in North America and Japan
Toyota’s North American production has now returned to 100%. The resumption of all car and truck manufacturing – months ahead of initial projections – is welcome news at Japan’s largest automaker, whose U.S. sales through August have declined 16% year-over-year, relegating it to fourth place, while the market grew 10.5%. Continue reading
Japanese Sales: Toyota, Honda Down. Nissan up Slightly in July
There were varying results for Japanese sales in the U.S. sales race in July with Toyota and Honda posting double digit declines while Nissan increased sales from July of 2010. Overall, the total U.S. light vehicle market grew less than 1% from what was a weak July of 2010 as the economy languishes and unemployment remains above 9%. Continue reading
Posted in auto news, economy, news analysis, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, Honda results, japan earthquake, japanese results, japanese sales, july u.s. sales, Ken Zino, Nissan results, Toyota results, u.s. sales results, zino
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Toyota Posts FY Q1 Loss from Earthquake and Strong Yen
Toyota Motor Corporation (TMC) in Japan today said that operating income decreased from ¥211.6 billion to a loss of ¥108.0 billion, while income before income taxes was a loss of ¥80.5 billion yen. This was Toyota’s first quarterly loss in two years as Net income decreased from ¥190.4 billion yen to ¥1.1 billion. Operating income decreased by ¥319.6 billion yen. Continue reading
Posted in auto news, economy, financial results, news analysis, results, sales
Tagged 2012 toyota forecast, auto results, japan earthquake, q1 toyota results, results, toyota
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Toyota Europe Increases Sales. Delivery Waits Now Normal
Toyota Motor Europe (TME) reported half-year sales of 403,656, an increase of 3% compared to 2010. The results are good since the overall European market is flat year-to-date and has been declining for three years. The Toyota Auris family ( 3- and 5-door hatchbacks off the Corolla platform), including the Auris hybrid, saw sales of 55,222 vehicles, up 22% from 2010. Continue reading
Posted in auto news, marketing, milestones, transportation
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, europe results, japan earthquake, Ken Zino, results, tme, toyota europe, zino
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Japan Auto Production -31% in May. Export Loses $2.89 Billion
The total value of automobiles exported for May 2011 was $6.76 billion, including $4.49 billion for vehicles and $2.27 billion for parts. This is a decrease of $2.89 billion or -30% compared with $9.65 billion for the same month of the previous year. Continue reading
Honda Overseas and Japan Production Down Again in May
Honda Motor Company in Japan today announced that vehicle production declined by more than 50% for the month of May 2011. It was the third straight month that production dropped due to the ongoing negative effects of the Japan earthquake and tsunami in March. Continue reading
Posted in auto news, economy, financial results, manufacturing, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, economy, financial results, japan, japan auto industry, japan earthquake, Ken Zino, news analysis, sales and tagged 2012 honda forecast, tmc profits, toyota forecast, yen value
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Nissan Says Sales up Profits down for 2011 from Earthquake
Nissan Motor Company today said in a statement that it thinks full-year profits will fall 15% and net income may decline to ¥270 billion (~$3.4 billion) for 12 months ending 31 March 2012. That’s down from ¥319.2 billion compared to the 2010 fiscal year. The financial results were based on foreign exchange rate assumptions of ¥80.:$1 and ¥115:1€. Continue reading
Toyota North American Production Back to 100% in September
All of the Detroit Three automakers – GM, Ford and Chrysler – clearly outsold the Japanese Big Three – Toyota, Nissan and Honda – in May as a result of the marketplace chaos. The largest Japanese automaker Toyota – also the most dependent on imports to the U.S. – saw decreases of 33% across its brands to 108,387 vehicles compared to a year ago. Continue reading
Honda Motor Predicts $2.4 Billion Profit Drop from Earthquake
This represents a 63.5% decline for Japan’s third largest automaker compared to the previous year, the result of production disruptions caused by the Japan earthquake and tsunami, rebuilding costs, as well as a strong Yen at an unprecedented ¥80:$1. Continue reading
Posted in auto news, economy, financial results, news analysis, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, economy, financial results, japan, japan auto industry, japan earthquake, Ken Zino, news analysis, sales and tagged 2012 honda forecast, tmc profits, toyota forecast, yen value
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Toyota Predicts 31% Profit Dip in Fiscal Year from Earthquake
The longer term issues facing Toyota are recovering lost market share and the unprecedented strength of the Japanese Yen caused by massive inflows of cash as export oriented Japanese companies attempt to recover from earthquake losses. Continue reading
Japan Auto Production, Exports off More than 60% in April
The economic destruction is mounting. The total value of automobiles exported for April 2011 was $5,913.446 million – $2,696.405 million for vehicles and $3,217.041 million for parts. This is a decrease of $5,523.561 million or 48 % as compared with $11,437.007 million recorded for the same month of the previous year. Continue reading
Toyota, Nissan and Honda April Auto Production Plummets
Toyota, Nissan and Honda – the Japanese Big Three – become a lot smaller in April as production virtually halted in Japan and was severely hurt globally due to parts shortages caused by the earthquake in March. Continue reading
