Subscribe free to our newsletters via your
. Space Travel News .




CAR TECH
Toyota, Nissan announce record sales for 2012
by Staff Writers
Tokyo (AFP) Jan 28, 2013


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 percent to 9.75 million vehicles, while Nissan saw a 5.8 percent on-year rise to 4.94 million units.

The figures confirmed that Toyota regained the global sales crown lost to US-based GM in 2011 as the March 11 Japanese tsunami hammered demand and production.

Robust Asian sales and a pick-up in North America helped drive sales, 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.

In November, Toyota hiked its profit forecast to 780 billion yen ($8.57 billion) for the fiscal year to March, up from 760 billion yen, but said sales would be 21.3 trillion yen, trimming an earlier target of 22 trillion yen.

Nissan, part-owned by France's Renault, warned net profit for the fiscal year would be 320 billion yen, down 20 percent from its earlier estimate of 400 billion yen, citing its heavy exposure to the Chinese market.

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

.


Related Links
Car Technology at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








CAR TECH
Caterpillar's China woes warn foreign investors
Shanghai (AFP) Jan 27, 2013
Caterpillar's revelation it found fake accounts at a just-acquired Chinese firm which will cost it hundreds of millions of dollars is a cautionary tale for those looking to enter the hugely promising market. The US equipment giant said this month it would take a $580 million charge after uncovering "accounting misconduct" at Siwei Mechanical and Electrical Manufacturing Co., which it bought ... read more


CAR TECH
First Ariane 5 For 2013 Ready For Loading

Azerspace And Africasat-1a "fit" for Ariane 5 launch

NASA Selects Experimental Commercial Suborbital Flight Payloads

Payload elements come together in Starsem's wrap-up Soyuz mission from Baikonur Cosmodrome for Globalstar

CAR TECH
Is there life on Mars?

Opportunity At Work At Whitewater Lake

Thawing Dry Ice Drives Groovy Action On Mars

Mars Rover Curiosity Uses Arm Camera at Night

CAR TECH
US, Europe team up for moon fly-by

Russia to Launch Lunar Mission in 2015

US, Europe team up for moon fly-by

Mission would drag asteroid to the moon

CAR TECH
The PI's Perspective: The Seven-Year Itch

New Horizons Gets a New Year's Workout

Halfway Between Uranus and Neptune, New Horizons Cruises On

Dwarf planet Makemake lacks atmosphere

CAR TECH
New Evidence Indicates Auroras Occur Outside Our Solar System

Glitch has space telescope shut down

Earth-size planets common in galaxy

NASA's Hubble Reveals Rogue Planetary Orbit For Fomalhaut B

CAR TECH
Scientists create tractor beam

Competition for hypersonic vehicles resumes

Aerojet's AJ26 Engine Completes Successful Hot Fire in Support of Antares Rocket

NASA Engineers Resurrect And Test Mighty F-1 Engine Gas Generator

CAR TECH
Reshuffle for Tiangong

China to launch 20 spacecrafts in 2013

Mr Xi in Space

China plans manned space launch in 2013: state media

CAR TECH
Commercial Asteroid Hunters Announce Plans For New Robotic Exploration Fleet

US company aims to 'harvest' asteroids

Comet of the Century?

Herschel intercepts asteroid Apophis




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement