Japanese Carmakers' Overseas Output up 5.8%
April 28, 2017
Kyodo News reports:
The combined overseas production of eight major Japanese carmakers in fiscal 2016 soared 5.8% from a year earlier to 19,115,573 units, with all except Mitsubishi Motors Corp posting record-high outputs, data showed Thursday.
The combined domestic output of the automakers -- Nissan Motor Co, Honda Motor Co, Mazda Motor Corp, Subaru Corp, Toyota Motor Corp, Daihatsu Motor Co and Suzuki Motor Corp as well as Mitsubishi -- rose 2.5% to 8,876,815 vehicles in the year that ended in March, in the first increase in three years.
The expansion in overseas production was primarily driven by robust sales in the North American market, with Subaru, which began producing a new model of its Impreza in the United States, racking up a 42.1% increase in overseas production.
In contrast, Mitsubishi Motors, hit by a fuel-economy cheating scandal, posted a 1.3% fall.
Domestic output dropped at Mazda and Mitsubishi Motors, with the latter reporting an 18.6% decline as it temporarily halted minicar production when it was hit by the scandal.
Nissan's domestic output grew 19.5% on robust sales of its Note compact in Japan.
The eight carmakers' combined exports increased 2.4% to 4,364,711 vehicles, with Honda seeing a 34.5% rise as it started exporting its Fit subcompact to Europe, where the vehicle is known as the Jazz.
In March alone, the domestic output in March rose 5.2% to 884,527 units in the fifth consecutive monthly increase.
Toyota, Japan's biggest automaker by volume, produced 300,702 vehicles at home, down 6.7% from a year before, and its domestic sales rose 9.4% to 205,634 units.
Nissan Motor, the second-largest automaker, said its domestic output in March rose 29.4% to 94,793 units and its sales grew 19.6% to 91,534 units.
Honda, the No. 3 maker, saw both its domestic production and sales fall, with output dropping 5.9% to 75,104 units and sales falling 2.4% to 92,773 units in the reporting month.
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