Tag Archives: japan earthquake

Toyota Loses ¥33 Billion in First Half FY 2012. Scraps Forecast

Posted on 8 November 2011 by Ken Zino

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 →

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Japan Production Still Not Completely Restored JAMA Says

Posted on 28 October 2011 by Ken Zino

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 →

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Japan Auto Industry to decline 14% in 2011 JAMA Predicts

Posted on 21 October 2011 by Ken Zino

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 →

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Toyota Production Now at 100% in North America and Japan

Posted on 14 September 2011 by Ken Zino

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 →

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Japanese Sales: Toyota, Honda Down. Nissan up Slightly in July

Posted on 2 August 2011 by Ken Zino

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 →

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Toyota Posts FY Q1 Loss from Earthquake and Strong Yen

Posted on 2 August 2011 by Ken Zino

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 →

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Toyota Europe Increases Sales. Delivery Waits Now Normal

Posted on 12 July 2011 by Ken Zino

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 →

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Japan Auto Production -31% in May. Export Loses $2.89 Billion

Posted on 30 June 2011 by Ken Zino

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 →

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Honda Overseas and Japan Production Down Again in May

Posted on 28 June 2011 by Ken Zino

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 →

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Nissan Says Sales up Profits down for 2011 from Earthquake

Posted on 23 June 2011 by Ken Zino

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 →

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Toyota North American Production Back to 100% in September

Posted on 17 June 2011 by Ken Zino

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 →

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Honda Motor Predicts $2.4 Billion Profit Drop from Earthquake

Posted on 14 June 2011 by Ken Zino

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 →

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Toyota Predicts 31% Profit Dip in Fiscal Year from Earthquake

Posted on 10 June 2011 by Ken Zino

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 →

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Japan Auto Production, Exports off More than 60% in April

Posted on 31 May 2011 by Ken Zino

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 →

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Toyota, Nissan and Honda April Auto Production Plummets

Posted on 27 May 2011 by Ken Zino

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 →

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