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Aug 05
| Automakers losing ground overseas |
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Japanese automakers are struggling in overseas markets, especially the United States and China, weighed down by reduced production after the March 11 disaster and the appreciation of the yen.
Their South Korean and European rivals have performed better, rapidly narrowing the gap with Japanese automakers. South Korea's Hyundai Motor Co. in particular has increasingly gained a reputation for its technology and designs.
According to U.S. research firm Autodata, Toyota Motor Corp.'s new car sales in the United States in July declined 22.7 percent to 130,802 units from a year earlier, the third significant drop in as many months. (Yomiuri) |
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Jul 30
| Japan's vehicle output plunges 29% in 1st half of 2011 |
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Japan's motor vehicle production in the first half of 2011 dived 29.2 percent from a year earlier to 3,429,934 vehicles, a reflection of the severe disruption to industry supply networks caused by the March 11 earthquake and tsunami, an industry body said Friday.
The plunge compared with a 46 percent jump in auto output in the previous year's first half, when the auto industry receive a boost from an economic rebound and government subsidies to spur buying of ecologically friendly cars, according to the Japan Automobile Manufacturers Association.
(Mainichi) |
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Jul 11
| Lexus to lose top spot in US luxury car market |
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Toyota Motor Corp's brand Lexus will end its streak of 11 years as the top luxury brand in the US market due to lost sales in the aftermath of the Japan earthquake and tsunami, said Mark Templin, Lexus Division general manager.
Templin said Lexus US sales would fall about 17% to around 190,000 vehicles in 2011.
The United States is the biggest market for Lexus.
All Lexus models, except the RX 350 crossover sport utility vehicle, are made in Japan. (The Star) |
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Jul 07
| Prius back on top of sales rankings |
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Toyota Motor Corp.'s Prius hybrid in June recaptured the top spot among domestic sales for the first time in four months, thanks to the restoration of the company's parts supply chains, which had been damaged by the March disasters, industry groups said Wednesday.
The debut of the new Prius Alpha model in May also contributed to the model's rise, but its return to glory was dimmed as monthly sales declined 39 percent from a year earlier to 19,429 units. (Japan Times) |
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Jul 03
| Nissan Leaf pulls ahead of GM's Volt |
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Nissan Motor Co.'s Leaf, the first mass-produced electric car sold in the United States, took an early lead in the budding market for rechargeable autos by pulling ahead of General Motors Co.'s plug-in Volt in the first half.
Sales of lithium-ion powered Leafs totaled 3,875 this year through June, buoyed by a record 1,708 units delivered last month, Al Castignetti, Nissan's vice president of U.S. sales, said in an interview Friday. Deliveries of the plug-in Chevrolet Volt, which led the Leaf through May, were 561 in June and totalled 2,745 in the first half, GM said. (Japan Times) |
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Jun 02
| Toyota recalls 106,000 Prius cars |
|  Toyota recalled 106,000 first-generation Prius hybrid cars globally on Wednesday for faulty steering caused by a nut that may come loose.
The single minor accident suspected of being related to the problem was reported in the U.S., according to Toyota Motor Corp.
The latest recall from Toyota, which has taken hit to its reputation from massive recalls worldwide, affects 48,000 Prius vehicles in Japan, starting with the first Prius models that went on sale in 1997, and those manufactured through 2003. (AP) |
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