unflappable-isomorphic-deez
Welcome, Guest. Please login or register.

Author Topic: Japan FY09 Passenger Car Output To Revert  (Read 642 times)

0 Members and 1 Guest are viewing this topic.

godoftrading

  • Full Member
  • ***
  • Posts: 119
  • Karma: 4
    • View Profile
Japan FY09 Passenger Car Output To Revert
« on: May 26, 2009, 12:53:49 PM »
The Nikkei estimates that Japan passenger car production in fiscal 2009 will likely decrease to 1979 levels, mostly due to a plunge in exports.

The projection, which was compiled based on automakers’ data and interviews with company officials, calls for the eight Japanese passenger car firms to assemble 8.21 million vehicles in the year ending in March 2010, 14% fewer than last year and the second consecutive annual decline, following a 15% fall in fiscal 2008.

Toyota Motor Corp. and seven other Japanese passenger carmakers are being forced to lower production because exports, which absorbed 58% of their total domestic output in fiscal 2007, remain weak. While sales are picking up in some areas of Europe, thanks to government measures to encourage car owners to upgrade to new vehicles, demand in the mainstay US market continues to be soft. As a result, the companies’ total exports in fiscal 2009 will likely plunge by 25.7% to 4.04 million units.

http://www.greencarcongress.com/2009/05/japan-1979-20090525.html

http://www.nni.nikkei.co.jp/e/ac/tnks/Nni20090525D25JFF03.htm
_________________
http://zantrio.com
http://millennium-traders.com
http://swing-trading.com

Tags:
 

Related Topics

  Subject / Started by Replies Last post
0 Replies
1083 Views
Last post August 13, 2007, 05:01:16 AM
by Deez
0 Replies
1067 Views
Last post August 13, 2007, 07:00:26 AM
by Deez
0 Replies
881 Views
Last post April 02, 2008, 07:00:37 AM
by The Web Team
0 Replies
939 Views
Last post June 02, 2008, 02:13:19 PM
by The Web Team
0 Replies
541 Views
Last post April 17, 2009, 11:50:47 AM
by godoftrading
0 Replies
560 Views
Last post July 29, 2009, 08:02:34 AM
by godoftrading
0 Replies
626 Views
Last post August 16, 2010, 03:29:23 PM
by MTnews
0 Replies
570 Views
Last post October 05, 2010, 03:23:14 PM
by MTnews
0 Replies
555 Views
Last post March 11, 2011, 03:31:35 PM
by MTnews
0 Replies
461 Views
Last post April 07, 2011, 03:25:00 PM
by MTnews