Japanese automakers Toyota Motor Corp. (TM: Quote, TYT.L), Honda Motor Co Ltd. (HMC: Quote) and Mitsubishi Motors Corp. (MMTOF.PK) on Wednesday reported double-digit growth in production for the month of August. Peer Nissan Motor Co., Ltd. (NSANY.PK) said its global production for the month edged up from the previous year.
Toyota said production in August rose 10.7 percent to 778,232 units with a 10.5 percent increase in the Toyota brand at 693,251 units. Daihatsu production also climbed 10.5 percent to 71,330 units and Hino production jumped 21.8 percent to 13,651 units.
Production in Japan rose 6 percent to 329,822 units. Production of passenger cars climbed 7.3 percent while that of trucks and buses dropped 1.6 percent. Sales in Japan were 16 percent higher at 171,767 units.
According to Toyota, production and sales in Japan saw eleventh consecutive month of increase. Exports, however saw first decrease in thirteen months, edging down 0.1 percent to 146,037 units, amid a 5.5 percent drop in trucks & buses and a 0.8 percent improvement in passenger cars.
At Honda, total production in August climbed 27.1 percent to 332,387 units, a record high for the month. Worldwide production experienced a year-on-year increase for the eighth consecutive month.
Production increased 23.3 percent in Japan to 69,461 units and experienced a year-on-year increase for the ninth month in a row.
Outside Japan, production improved 28.2 percent to 262,926 units with a 36 percent increase in North America to 148,814 units. It surged 53.1 percent in Europe and grew 8.1 percent in Asia.
Honda Brand total sales climbed 38.5 percent in the Japanese market to 47,448 units. Total exports from Japan declined 37.1 percent to 10,791 units.
For Mitsubishi Motors, total global production climbed 13.5 percent to 87,250 units, marking the first consecutive monthly year-on-year increase since July this year.
Production volume in Japan dropped 4.6 percent to 38,567 units. Passenger car output declined 9.5 percent to 33,368 units while Commercial vehicle output jumped 46.1 percent to 5,199 units.
Vehicle sales in Japan declined 13.4 percent to 8,361 units. Total exports from Japan slid 2.3 percent to 30,194 units.
Overseas production volume climbed 33.5 percent to 48,683 units with strong output growth in Asia due mainly to a 94.2 percent increase MMTh in Thailand stemming from the addition of the new Mirage to the production line. In China, output dropped 36.7 percent to 1,963 units.
For Nissan, global production in August advanced 0.5 percent to 387,062 units. Global sales increased 5.2 percent to 380,060 units.
Production in Japan slid 1.3 percent to 88,096 units due to lower demand for Murano, despite increased demand for the new Note and Serena. Production outside of Japan increased 1.1 percent to 298,966 units.
Nissan's exports in August decreased 13.4 percent to 50,106 units with an 8.6 percent rise in North America and a 35.6 percent drop in Europe.
Toyota shares closed lower by 2.7 percent at 3,100 yen on Wednesday. Honda fell 4.9 percent to close at 2,438 yen. Meanwhile, Mitsubishi fell 2.7 percent and settled at 72 yen. Nissan's shares were lower by 2.6 percent at 664 yen.
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by RTT Staff Writer
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