The Tokyo Motor Show kicks off Saturday amid a variety of challenges facing the automobile industry, including intensifying global competition, the yen’s historic surge and supply disruptions caused by natural disasters.
For Japanese automakers, emerging rivals in South Korea and other Asian countries have joined the ranks of long-standing competitors such as General Motors of the U.S. and Volkswagen AG of Germany.
The yen’s record rise has also cut into repatriated profits and eroded Japanese makers’ competitiveness overseas.
Read the rest of the story: Motor show opens with car firms facing triple whammy.
Japan’s domestic sales of new cars, trucks and buses saw their first rise in 13 months in September, reflecting the industry’s rebound from the huge disruption sparked by Japan’s quake and tsunami.
Sales in September grew 1.7 percent from a year earlier to 313,790 vehicles, the Japan Automobile Dealers Association said Monday.
The figures do not include sales of mini vehicles — which have an engine capacity of 660 cc or less — and reflect a low basis of comparison from the same period a year earlier, when state subsidies for the purchase of environmentally friendly vehicles ended.
Read the rest of the story: Japan auto sales rise first time in 13 months.