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Coffeeshop Chit Chat - Japan car companies stop assembly lines</TD><TD id=msgunetc noWrap align=right>
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Malaysia Sun
Friday 26th December, 2008
Japanese car companies have virtually stopped producing cars with vehicle production falling 20 percent last month.
The fading demand for cars, both in Japan and abroad, has caused Toyota, Japan's largest carmaker, to announce its first net operating loss in 71 years.
The Japan Automobile Manufacturers Association has said it is the biggest decline in more than 40 years, when records were first taken.
South Korea's top two automakers, Hyundai Motors and Kia, have also slashed sales forecasts by 12 percent because of the global recession.
The Indian auto industry is responding to a drop in sales by cutting shifts at its auto factories.
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Malaysia Sun
Friday 26th December, 2008
Japanese car companies have virtually stopped producing cars with vehicle production falling 20 percent last month.
The fading demand for cars, both in Japan and abroad, has caused Toyota, Japan's largest carmaker, to announce its first net operating loss in 71 years.
The Japan Automobile Manufacturers Association has said it is the biggest decline in more than 40 years, when records were first taken.
South Korea's top two automakers, Hyundai Motors and Kia, have also slashed sales forecasts by 12 percent because of the global recession.
The Indian auto industry is responding to a drop in sales by cutting shifts at its auto factories.
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