VOL 20 NO 157 REGD NO DA 1589 | Dhaka, Tuesday, January 29 2013
HomeMETRO/NEWSPOLITICS & POLICIESTRADE & MARKETVIEWS & REVIEWSEDITORIALLETTER TO EDITOR
Toyota, Nissan announce record sales for 2012
Published : Tuesday, 29 January 2013

TOKYO, Jan 28 (AFP): Toyota and Nissan on Monday posted record sales for 2012 as the Japanese car giants benefited from a pick-up in demand, with Toyota recapturing the world's biggest automaker crown from General Motors.

Toyota said sales last year soared 22.6 per cent to 9.75 million vehicles, while Nissan saw a 5.8 per cent on-year rise to 4.94 million units.

Honda, Japan's number-three automaker, recorded sales of 3.81 million vehicles, up from 3.09 million a year earlier, as strong US and Asian demand boosted its results.

The latest figures confirmed that Toyota regained the global sales crown lost in 2011 to US-based GM, as the Japanese quake-tsunami disaster hammered the firm's sales and production.

Robust Asian sales and a pick-up in North America helped drive sales for Japan's big three, offsetting weak demand in Europe and the effects of Tokyo's diplomatic row with Beijing, which sparked a Chinese consumer boycott of Japanese goods in the latter part of the year.

Nissan said it posted record sales in the United States last year, underscoring the pick-up in demand in a key vehicle market.

However, Nissan, part-owned by France's Renault, warned in November that its net profit for the fiscal year through March would be down 20 per cent to 320 billion yen ($3.52 billion), citing its heavy exposure to the Chinese market.

Less affected by the dispute, Toyota hiked its profit forecast to 780 billion yen for the same period, up from 760 billion yen, although it trimmed its annual sales forecast to 21.3 trillion yen.

A strong yen and uncertainty in China and Europe dented Japan's automakers, with Toyota largely crediting its better profit outlook to cost-cutting, including a decrease in labour, research and development expenses.

Home About Us Contact Us Editor's Panel Web Mail Feedback Print Version Ad Price
Copyright © 2013
International Publications Limited.
All rights reserved
Editor : Moazzem Hossain,
Published by the Editor for International Publications Limited from Tropicana Tower (4th floor), 45, Topkhana Road, GPO Box : 2526 Dhaka- 1000 and printed by him from City Publishing House Ltd., 1 RK Mission Road, Dhaka-1000.

Telephone : PABX : 9553550 (Hunting), 9513814, 7172017 and 7172012  Fax : 880-2-9567049.
E-mail: editor@thefinancialexpress-bd.com, tfe@bangla.net, fe@accesstel.net and fexpress68@gmail.com
Copyright The Financial Express © 2013 Developed By :