BEIJING (Reuters) - Japanese car-maker Toyota Motor Corp is likely to slow production in China as anti-Japan sentiment there hurts sales, a Toyota executive said on Wednesday. The executive, who declined to be named because any public comments were meant to be made via an official statement, said a report by Japan's Asahi newspaper that it would completely halt China production in October was "not quite true". Toyota is expected to make a statement later on Wednesday. (Reporting by Norihiko Shirouzu; Editing by Mark Bendeich)
Reuters - Toyota Motor Corp reported a 52 percent drop in quarterly operating profit as it suffered from supply disruptions as a result of the March 11 earthquake in Japan. The world's biggest automaker is facing another tough year ahead as a severe shortage of parts caused by Japan's biggest earthquake on record hammers production just as it was putting its recall woes behind it.
Reuters - General Motors Co Chief Executive Dan Akerson said the company has not been greatly affected by supply disruptions due to the March earthquake in Japan, and the company wants to repay U.S. taxpayers before making acquisitions or declaring a dividend.
Bruce Vanderveen submits:Japan is reeling from a devastating 9.0 earthquake and an accompanying 30 foot tsunami (a Japanese term meaning harbor wave). The tsunami tossed cars and ships around like toys, flattening towns and cities in minutes. The death toll is expected to top 10,000. And now engineers are struggling to control radiation from damaged reactors -- a slow-moving nightmare that just won't go away.