Toyota Has Declined Production
Toyota Motor Corp. said global production decline in third-quarter 2010. While its rival Japanese manufacturer Nissan and Honda further expands its market share. Toyota, car manufacturers have problems with topnotch reputation battered this year due to a massive recall was doing for a number of products. As a result, worldwide production fell 8.7 percent from a year earlier to 656,924 vehicles only. Production outside Japan rose 0.3 percent thanks to higher demand in South Africa and several other countries in Asia.
Manufacturers of brand covering Corolla and Prius hybrid record 9.4 percent decline in exports and domestic sales fell 35 percent in Japan. This is due to shocks faced by the automobile industry in Japan because of the removal of fuel subsidies. While rival based in Tokyo, Honda Motor Co., succeeded in producing as many as 317,473 vehicles globally in November, up 5.4 percent from a year earlier. Honda’s production in China and Asia reached a record high, In China alone, he produces as many as 61,955 vehicles, up 2.7 percent from a year earlier. Honda’s exports rose 71 percent, while sales in Japan slumped 37 percent.
Meanwhile, Nissan Motor Co., based in Yokohama, Japan, produces 372,106 vehicles during the month, up 19 percent and a record high for the month of November. The strong demand for new cars make their production rose 19 percent to 91,633 units. Sales were helped 8.6 percent decline that occurred in the U.S..