Japan’s carmakers struggle to grow earnings
After a few years of very strong profit growth, Japan's vehicle manufacturers are struggling to maintian positive earnings momentum in the current fiscal year, despite strong worldwide volume growth and even stronger revenue growth. Toyota Motor, Honda Motor and Nissan Motor - Japan's big three automakers - reported weak or negative consolidated earnings growth in the first half of the year, while also reporting double-digit revenue growth from their global operations, writes Tony Pugliese.
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