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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World Japan auto market sour in November as subsidies end AFP - Saturday, December 25 Send IM Story Print Japan auto market sour in November as subsidies end Slideshow: Full Photo Coverage: Business & Economy TOKYO (AFP) - – Toyota said on Friday that sales and production slipped further in November as it was hit by the end of a government incentive programme aimed at getting people to buy more cars. Although other carmakers reported increase in production from the global industry gloom of 2009, the Japanese auto market generally remained stagnant as the end of the subsidies in September brought demand to a screeching halt. Industry leader Toyota said its global production, excluding its Daihatsu and Hino subsidiaries, fell 8.7 percent year on year to 656,924 vehicles. Output in Japan dropped 19.5 percent to 263,310. Toyota had been one of the biggest beneficiaries of the government subsidies for new eco-friendly vehicle purchases, with the Prius petro-electric hybrid the best selling car in Japan since July 2009. Toyota's domestic sales in November plunged 35.0 percent to 98,903. Meanwhile, Honda Motor said its global production rose 5.4 percent to 317,473, with Japanese output edging up 2.4 percent to 87,511. Domestic sales however nosedived 36.8 percent to 41,431, Honda said. Nissan Motor's global output jumped 18.5 percent on year to 372,106. But domestic sales dropped 17.4 percent to 41,890, the company said. Mazda's global production rose 22.6 percent to 120,991, while domestic sales fell 37.0 percent to 9,921. Mitsubishi Motors said global output rose 11.2 percent to 103,848 and domestic sales fell 8.4 percent to 12,127. Recommend Send IM Story Print Related Articles Russia watchdog urges cap on domestic potash price Reuters - 58 minutes ago U.S. opens tax investigation on Swiss banks: report Reuters - 1 hour 17 minutes ago US-BUSINESS Summary Reuters - 1 hour 20 minutes ago Russia extends privatisation banks list Reuters - 1 hour 42 minutes ago Japan, S Korea, Russia eye Mongolia coal mine - Nikkei Reuters - 2 hours 51 minutes ago News Search Top Stories London tops 6,000 in Santa rally S.Africa formally invited to join BRIC: .minister Naked Aphrodite on Cyprus passport causes stir Pope hails God's 'surprises' in Christmas message Hollywood stars Johansson, Reynolds divorce More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Hollywood stars Johansson, Reynolds divorce Naked Aphrodite on Cyprus passport causes stir Pope hails God's 'surprises' in Christmas message Bomb blasts hit Swiss, Chilean embassies in Rome Antarctic IceCube observatory to hunt dark matter More Most Viewed » Defiant Obama defends tax cuts, eyes 2012 More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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