Source Pravda.Ru

Japan's biggest automaker is slipping

&to=http://english.pravda.ru/comp/2002/09/26/37267.html' target=_blank>Toyota Motor Corp., Japan's biggest automaker, reported earnings slipped in the second fiscal quarter but posted a record profit for the first fiscal half as sales growth in North America, Europe and Japan offset losses from an unfavorable exchange rate.

Toyota chairman Horoshi Okuda said Monday that Toyota is determined to boost growth around the world, including by adding another production plant in North America in the next few years. He did not give details.

Toyota now has four car-assembly facilities operating in North America, and a new plant in Texas is set to begin operation in 2006. Toyota also has a car plant in Mexico scheduled to begin production in December, informs Forbes.

According to Bloomberg, ``There's a concern that rising incentives in the U.S. erode the profits from Japanese automakers,'' said Naohiko Sasaki, who helps manage the equivalent of $3.4 billion in Japanese equities as co-head of investments at Kokusai Asset Management Co. in Tokyo.

Comments
Turkey invades Syria to Moscow's and Washington's silent consent
Cruel experiment to force living dog breathe underwater shocks Russian bloggers. Video
U.S. Humiliates South Korea, Threatens North Korea
China wants Moscow to confront pressure from Washington together
Why do Putin and Poroshenko hold secret phone talks?
U.S. Humiliates South Korea, Threatens North Korea
It is about time Russia should exit Western project
It is about time Russia should exit Western project
It is about time Russia should exit Western project
It is about time Russia should exit Western project
It is about time Russia should exit Western project
USA prepares Russia's neighbours for WWIII
Why do Putin and Poroshenko hold secret phone talks?
It is about time Russia should exit Western project
China wants Moscow to confront pressure from Washington together
It is about time Russia should exit Western project
China wants Moscow to confront pressure from Washington together
USA prepares Russia's neighbours for WWIII
China wants Moscow to confront pressure from Washington together
Tillerson must go!
China wants Moscow to confront pressure from Washington together