ID :
37446
Fri, 12/26/2008 - 05:57
Auther :
Shortlink :
https://oananews.org//node/37446
The shortlink copeid
Japan's Nov. vehicle production dives 20.4% on year+
TOKYO, Dec. 25 Kyodo - Japan's domestic vehicle production dived 20.4 percent in November from a year earlier to 854,171 units, posting the steepest fall since comparable data became available in 1967, the Japan Automobile Manufacturers Association said Thursday.
Domestic vehicle output in all of 2008 is now expected to drop from the
previous year for the first time in seven years as vehicle demand has quickly
slackened in emerging countries as well as industrial nations, industry source
said.
Output for the first 11 months of the year rose 2.0 percent to 10.83 million
units due to brisk production in the first half. ''But the situation has been
deteriorating day by day,'' said Honda Motor Co. President Takeo Fukuda
recently. ''We see no signs of recovery.''
Automakers have been accelerating production cuts due to faster-than-expected
sales drops.
If December's vehicle output registers a greater year-on-year drop than in
November, the year's total output may fail to reach the previous year's level
of about 11.59 million units, the industry sources said.
Minivehicle sales have begun to slacken in the wake of earlier robust demand.
''As minivehicle orders are declining in December, we have entered a difficult
period,'' Teruyuki Minoura, president of minivehicle maker Daihatsu Motor Co.,
said recently.
In November, domestic vehicle production fell for the second straight month,
the industry body said.
Production of passenger cars plunged 20.3 percent to 737,797 units, also down
for the second month in a row.
Output of trucks fell 20.9 percent to 106,170 units, the lowest for November.
Bus production totaled 10,204 units, down 16.3 percent.
The nation's overall vehicle exports, which account for more than a half of
domestic output, shrank 18.1 percent to 491,990 units for the second
consecutive monthly drop.
Of total exports in November, cars dropped 19.5 percent to 428,275 units,
trucks were down 6.7 percent to 51,536 units, and buses declined 6.9 percent to
12,179 units.
Exports to all major destinations declined. Those to North America tumbled 27.3
percent to 158,439 units, including 137,176 units for the United States, down
29.6 percent.
Exports to Europe slipped 3.3 percent to 108,995 units, including 61,341 units
for the European Union, down 15.5 percent. Those to Asia dropped 15.3 percent
to 37,812 units and those to Latin America plunged 30.3 percent to 37,105
units.
==Kyodo
2008-12-26 00:10:55
Domestic vehicle output in all of 2008 is now expected to drop from the
previous year for the first time in seven years as vehicle demand has quickly
slackened in emerging countries as well as industrial nations, industry source
said.
Output for the first 11 months of the year rose 2.0 percent to 10.83 million
units due to brisk production in the first half. ''But the situation has been
deteriorating day by day,'' said Honda Motor Co. President Takeo Fukuda
recently. ''We see no signs of recovery.''
Automakers have been accelerating production cuts due to faster-than-expected
sales drops.
If December's vehicle output registers a greater year-on-year drop than in
November, the year's total output may fail to reach the previous year's level
of about 11.59 million units, the industry sources said.
Minivehicle sales have begun to slacken in the wake of earlier robust demand.
''As minivehicle orders are declining in December, we have entered a difficult
period,'' Teruyuki Minoura, president of minivehicle maker Daihatsu Motor Co.,
said recently.
In November, domestic vehicle production fell for the second straight month,
the industry body said.
Production of passenger cars plunged 20.3 percent to 737,797 units, also down
for the second month in a row.
Output of trucks fell 20.9 percent to 106,170 units, the lowest for November.
Bus production totaled 10,204 units, down 16.3 percent.
The nation's overall vehicle exports, which account for more than a half of
domestic output, shrank 18.1 percent to 491,990 units for the second
consecutive monthly drop.
Of total exports in November, cars dropped 19.5 percent to 428,275 units,
trucks were down 6.7 percent to 51,536 units, and buses declined 6.9 percent to
12,179 units.
Exports to all major destinations declined. Those to North America tumbled 27.3
percent to 158,439 units, including 137,176 units for the United States, down
29.6 percent.
Exports to Europe slipped 3.3 percent to 108,995 units, including 61,341 units
for the European Union, down 15.5 percent. Those to Asia dropped 15.3 percent
to 37,812 units and those to Latin America plunged 30.3 percent to 37,105
units.
==Kyodo
2008-12-26 00:10:55
