LBO Home IndoChina | About Us | To Advertise | Contact Us rss LBO Mobil rss rss rss rss rss
“I’ll abolish the 18th amendment and restore the 17th amendment to the constitution while appointing Ranil Wickramasinghe as the prime minister” - Maithripala Sirisena                                          "I will abolish executive presidency in 100 days; vote for me" - Maithripala Sirisena                                          Maithripala Sirisena, former president Chandrika Kumarathunga, Arjuna Ranatunga, Wasantha Senanayake, MKDS Gunawardene, Rajitha Senarathne, Duminda Dissanayake & Rajeewa Wijesinghe are attending a special press conference...                                          Stocks close down 1.71pct. All share index -128.71pts to 7,401.62pts. S&P -63.67pts to 4,127.26pts. Turnover Rs2.14bn. Dialog Axiata down 70 cents to Rs13.00: CSE Prov.                                          
Fri, 21 November 2014 20:55:51
Japanese car makers struggle to turn profits in Europe
28 Feb, 2012 16:42:56
TOKYO, Feb 28 (Asia Pulse) - Four of Japan's leading automakers posted losses in their European operations for the October-December quarter, with the fallout from the region's ongoing debt crisis shrinking the market for new cars.
Honda Motor Co. sustained the biggest operating loss at 3.8 billion yen (US$47.3 million), marking its sixth straight quarter in the red.

"The industry is chronically saddled with excess supply, making it difficult to generate a profit," a Honda executive says of the challenge in Europe.

Nissan Motor Co. slipped into the red for the first time in seven quarters, logging a 1.3 billion yen (US$16.2 million) loss. Despite relatively strong sales, the company was unable to fully absorb the yen's appreciation against the ruble.

Mitsubishi Motors Corp. suffered a loss in Europe as well. Toyota Motor Corp. was the only one to report improved results.

As a group, the six companies -- which also includes Mazda Motor Corp. and Suzuki Motor Corp. -- generated an operating profit of 4.3 billion yen, roughly a third of the tally from the July-September quarter.


Your Comment
Your Name/Handle
Your Email (Your email will not be displayed)
Your Email
Receivers Email
Your Comment