Arab Today, arab today some hope for japan automakers
Last Updated : GMT 03:16:17
Arab Today, arab today
Arab Today, arab today

Some hope for Japan automakers

Arab Today, arab today

Arab Today, arab today Some hope for Japan automakers

Tokyo - Arabstoday

Quarterly earnings at Asian car manufacturers will show the Japanese at their worst after the March 11 earthquake disrupted parts supplies, while South Korean rivals charged ahead with sales gains in major markets. Production at Japan\'s top three car makers suffered the biggest impact in their April-June first financial quarter, with falls of about 80 per cent for domestic output at Toyota Motor Corp and Honda Motor Co in April, and 49 per cent at Nissan Motor Co. But with parts supply recovery faster than expected, the market\'s focus has shifted to what the coming months will look like, especially with many car makers flagging a production ramp-up to make up for the post-quake losses. Financial markets will be looking at earnings reports starting this week for the timing of any revisions to Japanese manufacturers\' full-year earnings forecasts, which appear conservative against consensus projections. Article continues below Attention will also be focused on how Asian car makers are performing in China, the world\'s largest market, but one where growth is slowing sharply. Major Chinese car makers report later in the earnings season. \"The markets are already focused on production levels from July-September,\" Tokyo-based Barclays Capital analyst Kei Nihonyanagi said. \"As the focus is shifting to earnings recovery levels from next business year [starting April 2012], it is hard for us to expect negative surprises on April-June earnings.\" Toyota and Honda are both expected to swing to an operating loss in the latest quarter, while Nissan is seen shining with a profit of 70 billion yen (Dh3.29 billion), though that is down 58 per cent from the previous year. Supply chain recovery While a complete recovery in the broken supply chain is now expected before October, Japanese brands face widening currency losses as the dollar sinks to a near four-month low of 78.13 yen. Nissan and Honda have assumed a dollar of 80 yen in the year to March 2012, while Toyota expects 82 yen. Currency woes could also deepen for South Korea\'s Hyundai Motor Co and affiliate Kia Motors Corp with many investors saying the advancing South Korean won has more room to gain in the coming months. Hyundai and Kia, which together ranked fifth in global sales last year, are set to post strong quarterly results thanks to brisk sales in the United States. The challenge from here is managing investors\' expectations as the won firms and Japanese rivals raise production levels, analysts said. \"Hyundai and Kia\'s global market shares are seen rising sharply in the second quarter. It appears that Hyundai and Kia have benefited somewhat from Japan\'s crisis,\" Ahn Sang-jun, an analyst at Tong Yang Securities, said. \"Hyundai will be more affected by Japan\'s recovery than Kia as the former has more competing models with Japanese car makers in the United States,\" he added. Latest models New model launches such as the Toyota Camry expected this autumn also promises stiffer competition in the United States for Hyundai, which has no new model planned in that market in the second half. Eyes are also on whether Hyundai Motor will nab an annual wage deal to avoid a strike for a third consecutive year. On Friday, Kia and its union clinched a wage deal for 2011 including generous bonus payments, signalling improving labour relations at a company once notorious for its militant union.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today some hope for japan automakers Arab Today, arab today some hope for japan automakers

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:01 2017 Sunday ,26 February

BRIC funds see inflows amid emerging equity boom

GMT 05:43 2017 Sunday ,26 February

Al-Gergawi quits Dubai Holding to focus on govt role

GMT 05:14 2017 Sunday ,26 February

Oil prices to average $50-$70 through 2022

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 01:04 2017 Tuesday ,28 February

Nokia 3310 is back — and so is 'Snake'

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday