JAPAN: Top three car makers announce record overseas production
Japan's top three car makers announced record overseas production last year as the migration of manufacturing to lower-cost countries was matched by an increase in overseas demand for Japanese vehicles, a Financial Times report said. According to the report, Toyota output outside Japan in 2002 rose 20.8% to 2.15 million units, while Honda recorded a 10.8% increase to 1.51 million and Nissan a 6.5% improvement to 1.29 million.
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