facebook
twitter
rss
account
search
search
X
Breaking News: Protesters march on Pakistan PM Nawaz's house
 

Toyota China output down 61 percent in Oct

Nov. 29, 2012 at 7:26 AM   |   Comments

TOKYO, Nov. 29 (UPI) -- Toyota Motor Corp., citing the Sino-Japan territorial dispute, said Thursday its October production in China dropped 61.1 percent year-on-year to 30,591 units.

The Japanese automaker said sales in China, the world's largest auto market, had slowed because of the dispute, Kyodo News reported.

The dispute relates to the Senkaku Islands in East China Sea, which both countries claim. Tensions have heightened since Japan nationalized the uninhabited but reportedly resource-rich islands in September.

Since then there have been widespread protests in several Chinese cities to assert Chinese claims, leading to boycott of Japanese goods. The dispute has affected bilateral trade estimated at $340 billion annually and Japan's export-reliant economy.

Kyodo said Nissan Motor Co.'s production in China was down 44 percent year-on-year to 61,360 units in October while that of Honda Motor Co. was off 54.2 percent to 26,302 units.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
Hershey's new logo launched, compared to emoji poop
2
Brazil Air Force, Saab discuss Gripen procurement deal
3
The 'Home of the Whopper' to keep headquarters in U.S.
4
Canadian media must broadcast official emergency notifications
5
France receives upgraded aerial tanker
Trending News
Video
x
Feedback