JAPAN: Japanese automakers see 10.6% fall in January domestic output
Eight major Japanese automakers reported their combined domestic output in January fell 10.6% year on year to 714,580 vehicles as domestic sales sagged after the end of government subsidies for eco-friendly vehicle purchases.
Their domestic production declined for the fifth straight month from last September when the government terminated the subsidies, Kyodo News noted.
Honda Motor saw the biggest decline among the eight, with its domestic output plunging 40.3% to 58,772 vehicles.
Domestic output declined 26.4% to 70,698 vehicles at Nissan Motor, 10.6% to 38,847 at Mitsubishi Motors and 5.7% to 278,804 at Toyota.
In contrast, the eight automakers' combined overseas production rose 13.6% to 1,368,617 vehicles.
Overseas output expanded 74.7% to 60,666 units at Mitsubishi Motors, 29.7% to 283,315 at Honda, 23.0% to 190,779 at Suzuki and 13.4% to 332,468 at Nissan.
Toyota's overseas production was up 5.3% to 441,417 units.
Of the eight firms, six with plants in China saw output in January in that country climb 21.5% to 255,567 units for the first rise since Japan-China relations deteriorated due to a territorial row last September.
The eight automakers' combined global production in January rose 4.0% to 2,083,197 vehicles. Mitsubishi Motors had the biggest rise at 27.3%.
Combined exports in the month declined 9.4% to 323,872 vehicles. While Toyota and Mazda logged increases, the remaining six posted drops.