Mixed year for Japanese carmakers

Japanese carmakers are in for a mixed year, with some expecting operating losses because of the strength of the yen, which makes the country’s products more expensive and less competitive. Motorcycle manufacturer Yamaha Motor Co. expects its first loss in 26 years, as it predicts that sales even in its once resilient Asian and Latin American markets to slow down, while Suzuki Motor Corp. projects ¥67 billion (US$729.79 million) in operating profit due to its success with small cars, which are in greater demand. Nissan, meanwhile, announced plans to sell 570,000 new vehicles in China in 2009, an increase of 4.6% from its 2008 sales figures. (February 13, 2009)