Along with Mitsubishi, Nissan and Honda, Daihatsu too will skip Frankfurt Motor Show in 2009.
Posts Tagged recession
Daihatsu Shares Gain More
Mar 31
Automobile shares were broadly higher in mixed regional markets Tuesday, with Honda rising 2.6%, Toyota gaining 1.3%, Suzuki advancing 1.4%, Daihatsu climbing 2.9% and Yamaha adding 2.1% in Tokyo as more analysts see recovery coming.
Japan Output Exports
*Toyota 141,127 (-64.0) 72,595 (-68.5)
Honda 54,748 (-48.4) 29,346 (-37.8)
Nissan 43,885 (-68.8) 16,811 (-77.6)
Mitsubishi 20,138 (-76.8) 13,250 (-75.0)
Mazda 40,695 (-60.3) 28,922 (-63.8)
Suzuki 72,989 (-27.6) 18,210 (-42.6)
**Fuji Heavy 26,994 (-41.9) 18,935 (-37.9)
Daihatsu 62,692 (-16.2) 2,835 (-74.5)
Overseas Output Global Output
*Toyota 217,446 (-42.1) 358,573 (-53.3)
Honda 135,932 (-40.0) 190,680 (-42.7)
Nissan 112,979 (-37.8) 156,864 (-51.3)
Mitsubishi 24,910 (-40.3) 45,048 (-65.0)
Mazda 16,947 (-30.8) 57,642 (-64.6)
Suzuki 116,104 (-13.6) 189,093 (-19.6)
**Fuji Heavy 5,536 (-32.5) 32,530 (-40.5)
Daihatsu 8,990 (- 2.7) 71,682 (-14.7)
*Figures exclude group companies Daihatsu Motor Co and Hino Motors Co
**Fuji Heavy Industries Ltd makes cars under the Subaru brand.
TOKYO — Toyota said its global production plunged 49.6% in February from a year earlier.
Honda and Nissan also report similarly grim figures Tuesday, highlighting the woes facing Japanese automakers.
Separately, the Japan Automobile Manufacturers Association said auto sales in Japan for the fiscal year through March 2010 are expected to drop 8% from the previous year.
It predicts a 32-year low of 4.297 million vehicles.
The last time domestic sales were lower was in fiscal 1977, when 4.23 million vehicles were sold, it said.
Toyota’s production figures — which include Daihatsu Motor, which makes small cars, and truckmaker Hino Motors — showed global production for February fell 49.6% to 434,179 vehicles. Toyota’s production in Japan for the month declined 56.4% on-year to 207,743 vehicles.
Honda’s lobal production in February declined 42.7% from the same month a year ago to 190,680 vehicles. Its Japanese output fell 48.4% to 54,748 vehicles.
Monthly worldwide production for Nissan in February declined 51.3% to 156,864 vehicles, while its production in Japan plunged 68.8%. Nissan is allied with Renault of France.
Source: http://www.thestreet.com/story/10476458/1/output-plunges-at-japanese-automakers.html
Daihatsu not to attend shows
Mar 16
According to Alibaba News, Beijing office of Daihatsu said the company has decided not to attend shows outside Japan in 2009 because of the global financial crisis.
In 2008, the global sales of Daihatsu Motor grew 4% over the previous year, but its sales value and net profit fell for the first time in six years. In addition, it has reduced exports and cut the production of Toyota-badge vehicles.