P.M. BRIEFING : Japanese Auto Exports Plunge
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From Times Wire Services
TOKYO — Japan’s auto exports in October dropped 13.6% from September and 11.4% from a year ago to 462,548 units mostly because of a substantial decline of shipments to the United States, the Japan Automobile Manufacturers Assn. said today.
Exports to the United States, the biggest overseas auto market for Japan, declined 24.3% from a year ago to 191,369 units while those to Europe increased to 128,792 units, up 15.4%.
October exports totaled $5.17 billion, down 15.7% from September’s $6.14 billion and down 8.7% from a year ago, the association said.
Japan’s biggest auto maker, Toyota Motor Corp., exported 123,419 units, down 21.7% from a year ago, while Nissan Motor Co. showed a 20.1% decline to 71,353 units.
