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Toyota's global auto output drops on U.S., Europe

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Toyota's global auto output drops on U.S., Europe

October 25, 2010 13:01 CET

TOKYO (Bloomberg) -- Toyota Motor Corp. said its global vehicle production fell for the first time in 12 months in September as output dropped in North America, Europe and Japan.

The carmaker said global vehicle output fell 1.3 percent to 672,604 units last month, after a 16 percent drop in the U.S. and 30 percent decline in Europe.

Toyota's exports from Japan fell by 11 percent to 148,836 vehicles in September, while it trimmed overseas production by 1.3 percent and domestic output dropped 1.4 percent, it said in a statement on Monday.

Honda Motor Co. said Monday that its global output rose 9.2 percent to 328,368 units in September, while Nissan Motor Co. said total production surged 27 percent to 395,658 vehicles.

Read more: http://www.autonews.com/apps/pbcs.dll/article?AID=/20101025/ANE/101029920/1193#ixzz13No1Xen1

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Toyota's global vehicle output falls in September

Associated Press / Associated Press

Tokyo— Toyota's global production fell in September for the first time in a year, while rivals Honda and Nissan increased output thanks to strong demand in China.

Toyota Motor Corp. said today its worldwide production dropped 1.3 percent to 672,604 vehicles, marking the first year-on-year decrease in 12 months. The world's No. 1 automaker said the fall was due to weak production in Europe and North America.

Toyota's production in Europe sank 29.7 percent to 40,630 vehicles due to sluggish sales in Britain and Turkey. The company's output in North America slipped 4.1 percent year-on-year to 122,649 vehicles in September.

The fall in North American production was due to declining output in the United States after Toyota closed its auto plant — a joint venture between Toyota and General Motors Co. — in California in April.

But Toyota's rivals enjoyed rising growth in output because of strong demand in China. Honda Motor Co. said its global production in September rose 9.2 percent to 328,368 vehicles, up for the 10th consecutive month.

Honda — Japan's No. 2 automaker — said production in Japan jumped 21.9 percent thanks to soaring demand for the company's energy-efficient Fit subcompact.

Honda launched the hybrid version of the popular Fit in early October. The Fit hybrid went on sale in Japan with a price tag of $19,700 — the cheapest of Honda's gasoline-electric cars.

Nissan Motor Co. said its worldwide production grew 27.2 percent to 395,658 vehicles in September, marking the 20th consecutive month of year-on-year increase. Nissan said its production in China rose 24.3 percent and gained 31 percent in the United States.

Mazda Motor Corp. said its global production climbed 9.4 percent to 117,413 vehicles. Mitsubishi Motors Corp. said its worldwide output jumped 30.9 percent to 114,191 vehicles.

From The Detroit News: http://www.detnews.com/article/20101025/AUTO01/10250364/1148/auto01/Toyota’s-global-vehicle-output-falls-in-September#ixzz13NvfwS1L

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Production for Toyota down; rivals in Japan up

ASSOCIATED PRESS

TOKYO -- Toyota's global production fell in September for the first time in a year, while rivals Honda and Nissan increased output because of strong demand in China.

Toyota said Monday that its worldwide production dropped 1.3%, to 672,604 vehicles, marking the first year-on-year decrease in 12 months. The world's No.1 automaker attributed the fall to weak production in Europe and North America.

Toyota's production in Europe sank 29.7%, to 40,630 vehicles, because of sluggish sales in Britain and Turkey. The company's output in North America slipped 4.1% year-on-year, to 122,649 vehicles in September.

The fall in North American production was the result of declining output in the U.S. after Toyota closed its California auto plant, a joint venture between Toyota and General Motors, in April.

However, Toyota's rivals enjoyed rising growth in output because of strong demand in China. Honda said its global production in September rose 9.2%, to 328,368 vehicles, up for the 10th consecutive month.

Honda, Japan's No.2 automaker, said production in Japan jumped 21.9% because of soaring demand for its energy-efficient Fit subcompact.

Honda launched the hybrid version of the Fit in early October. The Fit hybrid went on sale in Japan with a price tag of 1.59 million yen (about $19,700).

Nissan said its worldwide production grew 27.2%, to 395,658 vehicles, in September, marking the 20th consecutive month of year-on-year increase. Nissan said its production in China rose 24.3% and gained 31% in the U.S.

Mazda said its global production climbed 9.4%, to 117,413 vehicles. Mitsubishi said its worldwide output jumped 30.9%, to 114,191 vehicles.

Read more: Production for Toyota down; rivals in Japan up | freep.com | Detroit Free Press http://www.freep.com/article/20101026/BUSINESS01/10260337/1210/BUSINESS01/Production-for-Toyota-down-rivals-in-Japan-up#ixzz13TLR1E00

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