Toyota production fell by the most in at least a decade, leading a slump for Japanese automakers, after a sovereignty dispute over uninhabited islets triggered demonstrations and deterred buyers.
Japan’s biggest carmaker said Thursday that China output in October tumbled 61 percent to 30,591 units in October. Nissan reported production fell 44 percent last month, the biggest decline based on company data stretching back to 2009, and Honda said output tumbled 54 percent – also a record. Lin Huaibin, a Shanghai-based automotive analyst at Global Insight Inc., said, “Sales have started to pick up in November and with some carmakers such as Honda introducing new models, the worst may be over for the moment.”
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