Toyota sales improve in China following waning ‘island spat’ with Japan
Quotes

Toyota sales improve in China following waning ‘island spat’ with Japan

Last Updated: Tuesday, December 4, 2012, 19:03
 
 Comment 0
 
Toyota sales improve in China following waning ‘island spat’ with Japan
Washington: Japanese automobile firm Toyota Motor Corp. has said that new car sales in China has dropped to a softer 22.1 percent to 63,800 units in November, indicating the fallout from the anti-Japanese protests in China this summer has begun to wane, according to a report.

In October, Toyota's sales sank 44.1 percent from the previous year, while separately, Mazda Motor Corp. reported new car sales in the country fell 29.7 percent in November on year to 12,187, improving from a 45.0 percent fall the previous month, The Japan Times reports.

According to the report, from January to November, Toyota's sales in China slid 3.3 percent from the same period last year to 749,600, making it unlikely the company will achieve its target of selling 1 million cars in China this year.

Sales plunged 48.9 percent in September after the Japanese government purchased some of the Senkaku Islands from a private Japanese owner the same month, sparking extensive demonstrations across China, the report said.

The islets in the East China Sea are administered by Japan but also claimed by China as Diaoyu and Taiwan as Tiayutai, it added.

However, Japanese automakers resumed sales campaigns in China, the world's largest auto market, around mid-October as the hostilities showed signs of subsiding, the report concluded.

ANI




First Published: Tuesday, December 4, 2012, 19:03


Comments


comments powered by Disqus
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune
World Bank`s Top 10 Places for Business
World Bank`s Top 10 Places for Business
India`s top ten billionaires
India`s top ten billionaires
Top 10 billionaire cities- In Pics
Top 10 billionaire cities- In Pics
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved