Toyota Motor and Nissan Motor both said on Friday their respective global vehicle production in October had seen the first year-on-year growth in 15 months – thanks to overseas output rises – while the other major Japanese carmakers reported falls.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Toyota expanded global output 1.4% year on year last month to 709,904 units as its overseas output rose 12.8% to 404,420 units. Nissan boosted global output 9.9% to 306,146 units as overseas production rose 16.0% to 207,025 units.
Honda global output fell 18.2% to 301,103 units, Kyodo News reported.
Global production also fell 29.6% at Mitsubishi Motors, 17.8% at Toyota minicar affiliate Daihatsu, 12.1% at Mazda, 4.4% at Suzuki and 2.4% at Subaru maker Fuji Heavy Industries.
Nissan posted the lowest domestic output decline – 1% while the other seven saw double-digit falls.
Five of the eight firms reported domestic sales increases, including Toyota with a 14.8% rise and Honda with a 16.6% gain.
All posted heavy export drops ranging from 15.3% for Nissan to 64.1% for Honda, Kyodo said.
