toyota china sales cut in half by island row
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Toyota China sales cut in half by island row

Arab Today, arab today

Arab Today, arab today Toyota China sales cut in half by island row

Beijing - AFP

  Sales of Toyota cars in China plunged by 50 percent on-month in September amid an anti-Japan backlash over disputed islands, a report said Friday. The Japanese auto giant -- the world's largest car firm by sales in the first half of this year -- shifted 75,000 units in August, but moved only half that number last month, the Yomiuri newspaper said, citing a company source. A Toyota spokesman in Tokyo would not confirm the numbers, saying only that official figures for September sales in China would be released on Tuesday. A festering row over the Senkaku islands in the East China Sea, controlled by Japan but claimed by China, which knows them as the Diaoyus, has badly affected trade between Asia's two biggest economies. Japanese factories and businesses across China closed or scaled back operations in September over fears they or their workers could be targeted by mobs protesting against Tokyo's nationalisation of the isles. Toyota shuttered its factories in the country from September 26 over the heightened tensions, leaving them closed for China's national week celebrations, but will reopen them on Monday, the Tokyo spokesman said. Late last month both Toyota and its Japanese rival Nissan said they would cut Chinese production because demand for Japanese cars had been hit by the row. On Friday Jiji news and the Nikkei business daily said Toyota's October production in China could be slashed by about 50 percent from planned levels. Toyota has nine production sites in China -- three assembly plants each in Tianjin in the northeast, the southern city of Guangzhou and central Sichuan province. The company has big plans for the growing auto market in China, where it produced 800,000 vehicles in 2011 and maintains a network of 860 dealers. A report Friday said some big Japanese insurers had stopped providing coverage against riots in China in the wake of last month's unrest, in the latest example of the business knock-on from the dispute.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

toyota china sales cut in half by island row toyota china sales cut in half by island row

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

toyota china sales cut in half by island row toyota china sales cut in half by island row

 



GMT 21:52 2017 Thursday ,19 October

Israeli forces arrest 7 Palestinians in West Bank

GMT 15:41 2017 Wednesday ,04 October

Putin warns against double standards in war on terror

GMT 23:42 2017 Monday ,18 September

Mattis 'shocked' by low level of US military readiness

GMT 17:36 2017 Saturday ,14 October

What's at stake for business in Iran's nuclear deal

GMT 14:14 2017 Saturday ,11 February

Ghada Adel praises participation with Adel Imam

GMT 21:00 2017 Thursday ,05 October

Scores of settlers storm into Al Aqsa

GMT 11:56 2017 Wednesday ,29 November

Iraqis throng to Picasso in Baghdad

GMT 05:43 2018 Wednesday ,12 September

"Ala" Syria determined to liberate Idleb from terrorism

GMT 19:47 2018 Thursday ,18 January

Sultan Al Qasimi launches Sharjah real estate projects

GMT 10:58 2017 Thursday ,20 April

Kabbara meets Saudi counterpart, IMO chief in Cairo

GMT 00:10 2017 Tuesday ,10 October

Turkey calls for new round of Syria talks in Geneva

GMT 00:29 2017 Tuesday ,24 October

HM King congratulates UN secretary-general

GMT 10:42 2017 Monday ,22 May

Egypt refers 48 IS suspects to military court
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday