Tuesday, October 26, 2010
Toyota loses, Honda & Nissan gains
· The market leader is weighed down by the recall crisis… over 11.5 million vehicles, world wide..many experts feel a PR disaster! ( They still have the guts to recall, not brush under the carpet!)
· Expected overall loss – over 2 bn USD !
· Toyota’s total number dropped by 1.3 % to 672 K vehicles
Nissan Motor - global production soared 27.0 percent to 395,658 units
Honda - worldwide production rose 9.2 percent to 328,368 units
Japanese automakers, although enjoying strong sales, are struggling to cope with the yen's advance against other currencies, which erodes their overseas revenue when repatriated.