Home Tags Posts tagged with "japanese car"

japanese car

0

Toyota has suffered first profit fall for the first time in half a decade.

The Japanese auto maker said it sold more cars in the year to March 2017 than in the previous 12 months but that higher costs and currency fluctuations hit results.

The profit of 1.83 trillion yen ($16.1 billion) was down 21% from 2016-2017.

Toyota has warned 2016 profits will be even lower, due to the strength of the Japanese currency.

Photo AP

The company’s prediction is based on a forecast that the yen will average around 105 to the US dollar in the year through to March 2018, compared with 108 yen in the last financial year.

Toyota, which has lost its top-selling carmaker status to Volkswagen, sold 10.25 million cars over the year, up from 10.19 million units a year earlier.

However, income from those sales was slightly down at 27.6 trillion yen.

Toyota has been struggling in the US, its biggest market. Sales fell in North America as the company battled to meet demand for bigger cars such as SUV’s, which have become more affordable to drive thanks to lower petrol prices.

Earlier this year Toyota said it would invest $10 billion in the US over the next five years.

0

NedCar, the Dutch plant of Mitsubishi Motors, is offered to be sold for one euro, a day after the Japanese car-maker said it was halting production there.

As 1,000 workers blocked entrances to the plant, unions reportedly called a strike on Friday against the closure.

Union leaders say shutting the plant would be a “disaster” for the southern Netherlands.

Mitsubishi Motors has blamed the difficult operating environment in Europe for its decision.

NedCar, the Dutch plant of Mitsubishi Motors, is offered to be sold for one euro, a day after the Japanese car-maker said it was halting production there

NedCar, the Dutch plant of Mitsubishi Motors, is offered to be sold for one euro, a day after the Japanese car-maker said it was halting production there

 

The NedCar plant in the south-eastern province of Limburg currently employs 1,500 workers, producing Colts and Outlanders.

Under Tuesday’s offer, announced by Mitsubishi Motors President Osamu Masuko according to a spokesman, the plant would be sold for a euro “if the payroll of about 1,500 factory workers can be maintained”.

As things stand the factory is due to close down at the end of this year.

The workers decided to go on strike to show they were not prepared to accept the decision “like lambs to the slaughter”, Dutch broadcaster Nos reported.

But it added that the unions wanted to find a suitable buyer for the plant.

© © 2011 - 2023 BelleNews.com