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Toyota Triples Earnings

Maker forecasts $10 billon profit for full year.

by on Nov.05, 2012

Toyota hopes to keep its momentum going with new products like the completely redesigned Avalon.

Toyota Motor Co. tripled its net earnings for the July – September quarter as it continued recovering from last year’s devastating Japanese earthquake and tsunami.

The huge jump – which saw the maker’s profit jump to 257.9 billion yen, or $3.2 billion, well in excess of analysts’ consensus forecasts — came despite lopsided exchange rates and the impact of a boycott in China. And it encouraged to maker to forecast that net earnings for the full year will now reach $9.8 billion, up from an earlier forecast of $9.5 billion.

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“We have revised the forecast we announced at the end of the first quarter to reflect the progress we have been making,” said Executive Vice President Satoshi Ozawa.

Toyota operates on a fiscal year ending March 31st, so the latest earnings mark the end of the first half of that year during which it saw profits surge 572.1% compared to year-earlier levels.


Japanese Makers At Risk if Shortages Linger

Inventories could plunge by half.

by on Apr.05, 2011

Will normally loyal import buyers switch if faced with serious shortages of products like the new Honda Civic?

The ongoing crisis in Japanese automotive manufacturing could be the biggest setback brands like Toyota, Honda and Nissan have faced in decades should anticipated product shortages send buyers scurrying to check out competing products.

Dealers could struggle with barely half their normal inventory of Japanese cars, trucks and crossover in the coming months, warns the nation’s largest automotive retailer – while analysts say that rising prices could be an equally influential factor leading to mass defections by normally loyal import buyers.

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Nearly a month after Japan was rocked by a 9.0-magnitude earthquake and subsequent tsunami, a large portion of the island nation’s automotive assembly plants remain out of action or are operating at significantly reduced production schedules.  Though only a few assembly lines were damaged by the disaster, scores of automotive parts plants were impacted.  And compounding the situation, Japan continues to struggle with rolling blackouts in the wake of the crisis at the Fukushima Daiichi nuclear plant touched off by the quake and tsunami.

“Everybody’s in crisis mode,” said Michael Jackson, CEO of AutoNation, the Florida-based retailer that operated 243 dealerships in 15 states.


Japanese Car Production Up for First Time in 3 Years – But Not For Long

But Nissan, others shifting production to the U.S.

by on Feb.01, 2011

Nissan will shift Rogue production to the U.S.

Japanese car production rose 21.3% last year, the first increase in three years – though the trend is almost certainly downward, as makers like Nissan prepare to shift more manufacturing out of the home market.

Passenger car output jumped to 8.3 million in 2010, the first upturn since 2007, while truck production rose 22.8%, to 1.2 million, the first move upward in seven years, according to the Japan Automobile Manufacturers Association.

The increases reflected a rise in motor vehicle exports, which jumped 33.8%.  That was the first positive move in two years, JAMA announced.

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The increases all came as good news for a Japanese economy that has struggled through more than a decade of stagnation.  But there are strong indications things won’t last.  On the local front, the Japanese government has wrapped up its green car incentive program, which helped spur strong demand for models like the Toyota Prius – the top-selling automobile in Japan in 2010 – and the Honda Insight.


Japan Government Pushing Automakers to Shift to Eco-Vehicles

Makers being pressed for 25% cut in CO2, better mileage.

by on Nov.13, 2009

More vehicles like the Nissan Leaf battery car would be needed to meet Japanese government demands for new eco-cars.

More vehicles like the Nissan Leaf battery car would be needed to meet Japanese government demands for new eco-cars.

The new Japanese government is placing some serious pressure on the Japan’s auto industry by promising to cut CO2 emissions by 25 percent by 2020 from the levels that prevailed in 1990. The targets laid down by Japan’s new prime minister, Yukio Hatoyama, go well beyond anything contemplated by the previous government, according to Japanese experts on energy and environmental policy.

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Hatoyama’s goal will certainly require the broader use of eco-friendly cars such as hybrids, plug-in hybrids and electric vehicles, said Shin Hosaka, director of the automobile manufacturing industry bureau in the Ministry of Economy, Trade and Industry or METI, the successor to the Ministry international Trade and Industry, which helped orchestra the Japanese economic miracle in the years following World War II.