Sunday, 24 April 2011

Japan's top car makers report plunge in March domestic production in wake of twin disasters

Toyota Motor, the world's biggest auto maker, announced that production dropped 62.7 percent.

Domestic output slumped to 129,491 vehicles while worldwide production fell 29.9 percent to 542,465 vehicles.

Honda Motor reported that domestic production plunged 62.9 percent, dropping to 34,754 units in Japan while worldwide total production was down 19.2 percent at 282,254 units.

For the fiscal year to the end of March 2011, worldwide production was up 8.2 percent at 3,575,362 units compared with the previous year, Honda said.

Meanwhile, Nissan Motor's Japan production plunged 52.4 percent year on year in March.

Domestic production fell to 47,590 units due to the effects of the quake and the termination of a government subsidy program for environmentally-friendly vehicles, the firm said.

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