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Article: HONDA, NISSAN SPRINT TOWARD RECOVERY AS TOYOTA LIMPS.
- Article from:
- AsiaPulse News
- Article date:
- November 6, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, Nov 6 Asia Pulse - The seven leading Japanese automakers collectively swung to the black in the April-September fiscal half, but individual results show marked differences in the strength of their recoveries.
The group logged a 14.6 billion yen (US$160.9 million) consolidated operating profit for the half, a sharp rebound from its 1.66 trillion yen operating loss in the second half of the previous fiscal year.
Honda Motor Co. (TSE:7267) and Nissan Motor Co. (TSE:7201) each reaped operating profits of more than 90 billion yen, and Suzuki Motor Corp. (TSE:7269) also came out in the black. The secret to their success was their high ratios of unit ...