Japan's vehicle output soars 174% in April

Japan's auto sector on Thursday reported huge increases in production for April from a year earlier, reflecting a steep recovery after last year's quake-tsunami disaster crippled output and demand.

Production of cars, trucks and buses reached 799,474 vehicles, up 173.8 percent from April 2011 and the seventh consecutive monthly increase, according to the Japan Automobile Manufacturers Association (JAMA).

The industry data come after heavyweights Toyota, Nissan, and Honda said Monday that they saw huge jumps in April output from a year ago when they slashed production and shuttered plants due to power shortages and a parts supply crunch owing to the March 2011 disaster.

Domestic vehicle sales, meanwhile, climbed 93.7 percent to 359,631 vehicles while exports surged 219.2 percent to 402,389 vehicles, JAMA said.

Japan's auto sector suffered one of its worst months on record in April 2011, while flooding in Thailand later in the year added to the pain as Japanese manufacturers with plants in the country saw major supply disruption.

Most automakers returned production to pre-quake levels by the end of 2011.

The yen also hit record highs against the dollar last year and remains strong, denting exporters' profits overseas.

The latest production figures come after data showed Toyota, Japan's biggest automaker, regained its position as the world's number one automaker in the first quarter of 2012, stealing back the lead from US giant General Motors.

On Monday, Toyota said output at its factories in Japan surged about four-fold to 352,973 vehicles last month, while rival Honda Motor's domestic output skyrocketed 514.4 percent to 87,049 vehicles.

Nissan's production jumped 94.0 percent to 85,734 at home, after the automaker earlier this month posted record sales and a profit of 341.43 billion yen ($4.33 billion) in the fiscal year through March as it shrugged off the disaster.

The company, part-owned by France's Renault, said sales rose to their highest-ever 9.41 trillion yen with 4.85 million vehicles sold globally, despite the natural disasters and high yen.

Nissan's results bucked a nationwide trend of falling profits in the auto sector in the last fiscal year, with Toyota saying its full-year net profit was 283.56 billion yen, a 30.5 percent on-year fall.

Honda's earnings for the period were down 60 percent to 211.5 billion yen.

Loading...

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • Militants want US Marines pulled out of Negros
    Militants want US Marines pulled out of Negros

    The militant group Bagong Alyansang Makabayan (Bayan) is calling for the pullout of US Marines who arrived in Sagay City, Negros Occidental last Wednesday to train Special Action Force (SAF) commandos and members of the allied forces. The SAF commandos and the allied forces will secure the Asia-Pacific Economic Cooperation (APEC) ministerial meeting in this city. Bayan-Negros secretary general Christian Tuayon said the US troops might violate the human rights of activists, especially those …

  • China subs outnumber US fleet – admiral
    China subs outnumber US fleet – admiral

    China is building some “fairly amazing submarines” and now has more diesel- and nuclear-powered vessels than the United States, a top US Navy admiral told US lawmakers on Wednesday, although he said their quality was inferior. Vice Admiral Joseph Mulloy, deputy chief of naval operations for capabilities and resources, told the House Armed Services Committee’s seapower subcommittee that China was also expanding the geographic areas of operation for its submarines, and their length of …

  • Couple married 67 years holds hands in final hours together
    Couple married 67 years holds hands in final hours together

    FRESNO, Calif. (AP) — After spending 67 years together as devoted husband and wife, there was no question how Floyd and Violet Hartwig would end their lives — together. …

  • 3 Pinays on Forbes power women list
    3 Pinays on Forbes power women list

    Three Filipina executives, who are all daughters of known business tycoons in the country, made it to Forbes’ list of the 50 most powerful businesswomen in Asia. Teresita Sy-Coson, vice chairman of SM Investments and chairman of BDO Universal Bank, was included in the list for the fourth year in a row since its inception. “Under her (Sy-Coson) lead SMIC became the largest listed company on the Philippine Stock Exchange by market cap. Also in the 2015 list is 70-year-old Helen Yuchengco-Dee, …

  • Pacman mega fight tax exemption up to Congress, BIR
    Pacman mega fight tax exemption up to Congress, BIR

    Malacañang is leaving it up to Congress and the Bureau of Internal Revenue (BIR) to consider a proposed special tax exemption for boxing icon Manny Pacquiao in his much-awaited fight with Floyd Mayweather. Deputy presidential spokesperson Abigail Valte said yesterday it will have to be discussed by Congress because lawmakers are the ones who enact tax exemptions, special or general. Pacquiao has been dogged by unsettled tax obligations with the BIR. …

  • Binay backs house arrest for JPE, GMA
    Binay backs house arrest for JPE, GMA

    Vice President Jejomar Binay yesterday supported proposals to put Sen. Juan Ponce Enrile and former President now Pampanga Rep. Gloria Macapagal- Arroyo under house arrest. “Government prosecutors are opposing house arrest for… Enrile. Binay issued the statement after the 91-year-old Enrile was rushed to the Makati Medical Center on Thursday due to pneumonia. House arrest for him would be the compassionate thing to do,” he added. …

  • Lupita Nyong'o's $150,000 Oscars dress stolen from hotel
    Lupita Nyong'o's $150,000 Oscars dress stolen from hotel

    The $150,000 pearl-studded, custom-made Calvin Klein dress worn by Oscar-winning actress Lupita Nyong'o at this year's Academy Awards has been stolen, police said on Thursday. The gown, embellished with 6,000 natural white pearls, was stolen from Nyong'o's room at the London Hotel in West Hollywood, during the day on Wednesday, a spokesman for the Los Angeles County Sheriff's Department in West Hollywood said. "Ms Nyong'o was not in the room at the time of the theft," Deputy John Mitchell …

  • US-led strikes on IS after group seizes 220 Christians
    US-led strikes on IS after group seizes 220 Christians

    The US-led coalition has carried out air strikes against the Islamic State group in northeastern Syria, where the jihadists have launched a new offensive and kidnapped 220 Assyrian Christians. The raids on Thursday struck areas around the town of Tal Tamr in Hasakeh province, the Syrian Observatory for Human Rights said, without giving information on possible casualties. The town remains under the control of Kurdish forces, but at least 10 surrounding villages have been seized by IS, along …

POLL

Should Aquino be held accountable over the Mamasapano operations?

Loading...
Poll Choice Options