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Japan automakers’ domestic output drops 17.1 pct in Aug.

  • September 29, 2020
  • , Jiji Press , 6:46 p.m.
  • English Press

Tokyo, Sept. 29 (Jiji Press)–Combined domestic vehicle production at eight major Japanese automakers dropped 17.1 pct from a year before to 535,588 units in August, data from the companies showed Tuesday.

 

The size of decline is on an improving trend, but the impact of the novel coronavirus crisis is lingering in the industry.

 

Industry leader Toyota Motor Corp.’s <7203> output dropped 11.5 pct to 202,691 units after declining 22.0 pct in July. A Toyota official said the production is “on a recovery trend.”

 

Meanwhile, other automakers are pessimistic, forecasting that the COVID-19 crisis will continue to weigh on their production.

 

Output plummeted 47.1 pct to 31,667 units at Nissan Motor Co. <7201> and 51.6 pct to 19,115 units at Mitsubishi Motors Corp. <7211>.

 

Suzuki Motor Corp. <7269> was the only one to report an increase in domestic production, up 8.5 pct at 70,732 units. But it was only a rebound from last year’s production cuts due to an improper inspection scandal.

 

The eight companies’ combined overseas production decreased 9.9 pct to 1,333,141 units. Their combined global production was down 12.1 pct at 1,868,729 units.

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