Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Total Japanese domestic production of cars, trucks and buses plunged 60.1 percent year-on-year in April/AFP

Kenya

Japan’s April auto output soars in year after quake

Total Japanese domestic production of cars, trucks and buses plunged 60.1 percent year-on-year in April/AFP

TOKYO, May 28 – Japan’s major automakers on Monday reported huge production increases for April, as the hard-hit sector recovers from the devastating impact of last year’s quake-tsunami.

Heavyweights Toyota, Nissan, and Honda saw huge jumps in output from the same month a year earlier when they slashed production and shuttered plants due to power shortages and a parts supply crunch after the disaster.

Toyota, the nation’s biggest automaker, said output at its factories in Japan surged more than three-fold to 352,973 vehicles last month, while overseas production rose 64.8 percent in the period to 439,988.

Honda Motor said its production at home skyrocketed 514.4 percent to 87,049 vehicles, while foreign output climbed by 112.5 percent to 264,614.

Nissan’s production, meanwhile, jumped 94.0 percent to 85,734 at home, while overseas production rose 39.2 percent to 283,788.

Japan’s auto sector suffered one of its worst months on record in April last year, while flooding in Thailand later in the year added to the pain as Japanese manufacturers with plants in the country saw their supply chains hammered.

Most automakers returned production to pre-quake levels by the end of 2011.

The yen also hit a record high against the dollar last year, hurting exporters whose products become more expensive overseas when the currency strengthens.

The latest production figures come less than a week after data showed Toyota regained its position as the world’s number one automaker in the first quarter of 2012, stealing back the lead from US giant General Motors.

Advertisement. Scroll to continue reading.
Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...