InfoAnda - Japan's automakers recover but challenges remain

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Facebook makes people more social: study | 24 November 2010
Malaysia slashes spending in 2010 budget | 24 October 2009
Bomb suspect reached out to UK militants: report | | 3 January 2010

Hay book fest marks 25th at Woodstock of the mind | | 24 May 2012

Forum Views () Forum Replies ()

Read more with google mobile : Japan's automakers recover but challenges remain

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 Singapore Asia Pacific World Japan's automakers recover but challenges remain AFP - Thursday, August 5 Send IM Story Print Japan's automakers recover but challenges remain Slideshow: Full Photo Coverage: Business & Economy TOKYO (AFP) - – Japan's top automakers reported strong results for the quarter ended June as they reap the benefits of a rebound in global demand, but concerns such as a strong yen cloud their outlook, say analysts. The top three automakers, Toyota, Honda and Nissan, saw quarterly profits surge on-year as the industry recovers from the lows hit in a financial crisis that forced the companies to scale back production and slash thousands of jobs. The results "reflect the recovery of the overall economy, of the Japanese auto market and the growth of emerging markets," in terms of where most demand is coming from, auto analyst Tatsuya Mizuno said. Japan's export-driven recovery has been particularly reliant on shipments of automobiles and parts to Asia, especially China where rampant income growth is fuelling demand for increased mobility. On Wednesday Toyota reported a net profit of 190.47 billion yen (2.2 billion dollars) for the quarter ended June, turning around a loss of 77.8 billion yen in the same period a year earlier and beating forecasts. The company also hiked its profit forecast for the financial year to 340 billion yen, betting on strong Asian demand to continue to help drive its rebound. And number-two maker Honda saw net profit of 272.49 billion yen for the first quarter, soaring from 7.56 billion yen in the same period last year on a pick up in Asian and North American sales, also hiking its forecast. However, in posting its own surging quarterly net profit of 106.6 billion yen for the April-June quarter, after a 16.5 billion yen loss a year earlier, Nissan declined to raise its annual forecast, citing the yen strength. The safe-haven unit has surged beyond the trading levels assumed earlier by many exporters who have eyed its rise with anxiety, as investors seek a refuge from dollar and euro volatility. Last month Toshiyuki Shiga, chairman of the Japan Auto Manufacturers Association, urged the government to deal with the yen's strength, saying its seemingly relentless rise could hurt the country's economy. If sustained, a stronger yen could erode repatriated overseas profits and make goods more expensive overseas, threatening the export sector that Japan depends on to offset its weak domestic picture, say analysts. Carmakers "are in the black now but a further rise of the yen would eat into profits in the future," said Mamoru Kato, auto analyst at Tokai Tokyo Research Centre. Manufacturers are also bracing for the expiration in September of incentives to spur buying of environmentally friendly cars in Japan and the potential resulting hit to demand. "In Japan, sales in the second half (from September) will undoubtedly slow down" as the government plans not to extend tax breaks granted for purchases of environment-friendly vehicles, Kato added. "We note a lack of visibility concerning currency movements and the possible backlash in demand after the end of the demand-stimulus programmes in Japan, which requires our close monitoring," said Toyota Senior Managing Director Takahiko Ijichi. "From the second quarter, we expect our sales figures to go through a difficult path," he said. The sector's recent rebound is also notable given the recall crisis that has hit the Japanese industry in recent months. The crisis centred on the woes of Toyota, which has pulled around 10 million vehicles over safety concerns and faces a host of lawsuits over "unintended acceleration" issues blamed for more than 80 deaths in the US. Toyota overtook General Motors in 2008 as the world's top automaker, but the safety issues have raised questions about whether it sacrificed its legendary quality to become number one. However it continues to post profits and sales increases, leading analysts to conclude that the carmaker has navigated its way out of the storm despite the threat to profitability posed by the pending lawsuits. "The worst for Toyota is finished but some problems ahead: some recalls from time to time, class actions in US. Their level of profitability is lower than before," said Mizuno. But fears for the global economy, particularly over the durability of recovery in the United States, also cast a shadow. On Tuesday Japanese automakers reported weaker US sales, with Toyota's July sales falling 3.2 percent year-on-year and Honda's sales dropping 2.0 percent. Recommend Send IM Story Print Related Articles Goldman plans to spin off prop trading: report Reuters - 29 minutes ago Goldman plans to spin off prop trading -CNBC Reuters - 31 minutes ago US-BUSINESS Summary Reuters - 31 minutes ago Stocks rise on economic data Reuters - 31 minutes ago US STOCKS-Wall St rises on data, Priceline lends support Reuters - 33 minutes ago News Search Top Stories BP partner refusing to pay 1.2-billion-dollar oil spill bill UAE decision to ban BlackBerry services 'final' US economy adds private jobs but at lackluster pace 40 US billionaires pledge half wealth to charity Piano 'played by Mozart' discovered in Germany: report More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Elite US cyber team courts hackers to fight terrorists US obesity growing 'faster than anyone imagined' Spanish resort city readies to host Michelle Obama, daughter Israel cuts down trees that caused Lebanon clashes Fearful Americans save more as recovery slows More Most Viewed » Parachuting donkey shocks Russian beachgoers Argentine students crack three-decade-old murder mystery World's first full face transplant man appears on TV Paris Hilton caught with cannabis in handbag Calcium supplements linked to heart attacks: study 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 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 Asia Entertainment Photos World Cup 2010 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

Other News on Thursday, 5 August 2010
U.N. supports Israeli claim on Lebanon clash
Medvedev sacks officers over Russia fire failures
Petraeus issues new rules to avoid civilian casualties
Intel to end tactics against competition: FTC
Italy rejects no-confidence motion against junior minister
US-TECH Summary
BP partner refusing to pay 1.2-billion-dollar oil spill bill
Iran's Ahmadinejad unhurt after blast near motorcade
Chechen rebel chief revokes resignation: video
LinkedIn makes first acquisition
Piano 'played by Mozart' discovered in Germany: report
UAE decision to ban BlackBerry services 'final'
Israel warns Lebanon but also seeks calm along border
Time Warner profits top forecasts
US economy adds private jobs but at lackluster pace
Yes voters take early lead in Kenya referendum |
More than 50,000 altar servers gather at Vatican
40 US billionaires pledge half wealth to charity
Mexico drug cartels use gory videos to spread fear |
Siemens to cut 2,000 IT jobs in Germany
Cuba lawmakers to hear Fidel Castro nuclear fears |
Google's Android takes lead in US consumer smartphones
Russia moves radioactive material from nuclear site
U.N. council calls on Iraq to form government soon |
UAE decision to ban BlackBerry services 'final'
Criminals, spies swamp cyber world: experts
Fires rage in Russia, death toll rises to 48 |
Japan's DoCoMo ties up with publisher to launch e-books
Point and peek iPhone app for Aussie househunters
Six wounded in mosque attack in violent Karachi
Devastating Pakistan floods sweep Punjab
Death toll from Pakistan political unrest reaches 70
New Zealand makes Champions Trophy history
Messi stars as Barca beat K-League All Stars
Google's Android leads U.S. smartphones |
Microsoft and Salesforce settle patent tiff |
Nearly 1,700 dead, missing in China floods
US-ENTERTAINMENT Summary
LinkedIn makes first acquisition |
Asian ministers fret over millennium goals
Wyclef Jean set to announce Haitian presidency run
Pakistan president attacked over Europe trip after floods
Swiss film fest with Asian touch to show banned zombie movie
Airil leads Selangor Masters golf after first round
India Tata Group starts quest for Ratan Tata successor
China taps celebs to star in image-boosting commercials
Record China sales boost Daimler
Rice paddy art puts Japan village on the map
Salman Rushdie headlines Brazilian book festival
India says overly aggressive rate hikes could hurt recovery
Media giant Time Warner's profits top forecasts
Japan's automakers recover but challenges remain
China to step up crackdown on hot money inflows
Yen emerges from shadow of action stars Chan, Li
Huang denies making formal bid for Liverpool
Taiwan cabinet opposes court ruling on AU plant
Kanye West paints his way back onto MTV |
Avenged Sevenfold earns first No. 1 on album chart |
Wyclef Jean set to announce Haitian presidency run |
Suicide attack kills six Afghan police
Suicide bomber kills 7 Afghan police in north
Petraeus clarifies rules on Afghan air strikes |
Mideast BlackBerry ban hits Hollywood and media
Hollywood glad kids willing to pay for content
China defends dealings with Iran after US pressure
IBM and Aetna tie up to offer clinical support service
U.N. council calls on Iraq to form government soon
Microsoft and Salesforce end patent duel
Google phones unseat BlackBerry as US best seller
Suicide bomber kills six police in Afghan north |
Google Android gains pace, social Web a focus: CEO
Verizon and Google reach Internet traffic deal: sources
ECB mulls alternatives to rate-cut to spur growth
Too few users catch Google's 'Wave'
Phelps swims to two titles as Peirsol falls
Ex-PM Rudd charges into Australia poll race
Factbox: BlackBerry security explained
S.Korea kicks off military drill despite threats
Hope for Gulf as BP plugs well, most of the oil gone
Magnitude 5.7 quake hits near Concepcion, Chile |
Petraeus clarifies rules on Afghan air strikes
China protesters cut off and swallow fingertips
40 US billionaires pledge half wealth to charity
Pakistan's Sindh province braces for floods |
Giuliani daughter arrested at NYC cosmetics store
Military shakeup could derail Thai peace moves
Obama turns 49 with Mrs. Obama, kids out of town
Hong Kong Octopus chief resigns after data sale
Federal judge strikes down Calif. gay marriage ban
Japan child porn cases surge to record high
UN chief in Japan calls for end to nuclear arms
Group sues to stop mosque near NYC's ground zero
Pacific meeting focuses on Fiji, climate change
UN rushes envoy to mounting Pakistan flood crisis
10 missing after Indonesian ships collide
Google's Android leads U.S. smartphones |
Google Android gains pace, social Web a focus: CEO |
Indonesia posts 6.2 pct growth in second quarter
Mideast BlackBerry ban hits Hollywood and media |
January Jones "sucks it up" for Emmy
Chinese import prompts S.Korea car safety fears
Island paradises for sale or rent
Verizon and Google reach Internet traffic deal: sources |
Seoul shares end down; banks sink on foreign selling
Hollywood glad kids willing to pay for content |
China bank adviser urges more flexible yuan
Piracy forces Taylor Swift to rush out new single
British drink to good health at beer festival
S.Korea says China trade talks likely next year
"Expendables" revels in excess
IBM and Aetna tie up to offer clinical support service |
PAKISTAN
Philippines suffering from migrant brain drain
Web porn saga "Middle Men" boasts colorful cast
S.Korea says facing risks despite recovery
Prosecutors claim doctors over-medicated Anna Nicole
New Zealand Post 2010 profit to fall on one-offs
Restraining order for accused DiCaprio bottle attacker
NZ unemployment rises, chances of rate pause grow
Michael Jackson's last home up for sale
Prosecutors claim doctors over-medicated Anna Nicole |
Lady Gaga to Green Day, Lollapalooza boasts motley cast |
Restraining order for accused DiCaprio bottle attacker |
Piracy forces Taylor Swift to rush out new single |
January Jones sucks it up for Emmy |
Web porn saga Middle Men boasts colorful cast |
Expendables revels in excess |
Michael Jackson's last home up for sale |
Corrected
Putin bans Russia grain exports due to drought
Saudis brace for BlackBerry ban, new models in UAE
Karzai orders probe into Afghan civilian deaths reports |
Suicide attack kills seven Afghan police
Greece still faces problems despite progress: EU-IMF
Iran sees regional alliance to counter NATO |
Barclays bank first-half profits soar 29%
Kyrgyz troops break up crowd, see coup attempt |
Suicide bomber kills 7 Afghan police in north
Leaks undermine Afghan support for NATO: UK |
NATO helicopter goes down in southern Afghanistan
Kenya 'yes' camp declares referendum victory
Zimbabwe sparks accident scare with airport drill
Iran stoning case lawyer in Turkey, seeking asylum |
Naomi Campbell arrives at war crimes court
Russia in losing battle against spreading wildfires
Kenya votes Yes to new constitution |
Supermodel Campbell tells court of dirty pebbles |
Special Report: In Rwanda Inc., an election exposes repression |
On Facebook, wife learns of husband's 2nd wedding
911 call on Conn. shooting shows racial disparity
NM gov meets with lawman Pat Garrett's descendants
Will Smith teaches son how not to kiss on-screen
Suspected suicide bomber injures 14 in Philippines
Green turtles return to Malaysia but future bleak
S.Korean military in war against foul language
Pakistani stocks, o/n rates end down; rupee weakens
Lebanon to assess security concerns over BlackBerry |
Sri Lanka tea export earnings to hit record high
Singer Lily Allen reveals pregnancy
India's Reliance eye stake in US shale gas field
Cambodia selecting securities firms for new bourse
Seoul to invite 100 world CEOs to G20 summit
Supermodel Campbell tells court of "dirty pebbles"
Seoul shares end down; banks sink on foreign selling
Indonesia court upholds ban on 'Balibo' film
Will Smith teaches son how not to kiss on-screen
Supermodel Campbell tells court of dirty pebbles |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01