Tag Archives: Japanese Automakers

Japan’s Automakers May Flee Strong Yen

The strong yen is forcing Toyota Motor and Nissan Motor to consider changes in production plans and alliance strategies, the top executives of both Japanese automakers said Thursday.

The yen, which hit a record high against the dollar in late October, has undercut profits for Toyota and Nissan, which both build vehicles in Japan for overseas markets.

To offset the strong yen, Toyota may “deepen alliances” with suppliers and dealers, Akio Toyoda, president of Toyota, said during the opening of a Toyota plant in Mississippi that will build Corolla cars now being manufactured in Japan.

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