{"id":9548,"date":"2009-01-05T00:00:00","date_gmt":"2009-01-05T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"toyota-nissan-lead-drop-as-japan-car-sales-fall-to-28-year-low","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/01\/2009\/toyota-nissan-lead-drop-as-japan-car-sales-fall-to-28-year-low.html","title":{"rendered":"Toyota, Nissan Lead Drop as Japan Car Sales Fall to 28-Year Low"},"content":{"rendered":"<p>Bloomberg &#8211; Toyota, Japan&rsquo;s largest automaker, forecast its first operating loss in 71 years as sales crater in the U.S., Japan and Europe. Spending on new cars in Japan has dropped as the country&rsquo;s jobless rate climbed to 3.9 percent from 3.7 percent in November. <\/p>\n<p>&ldquo;The industry is going through a blizzard,&rdquo; said <a href=\"http:\/\/search.bloomberg.com\/search?q=Ichiro%0ATakamatsu&#038;site=wnews&#038;client=wnews&#038;proxystylesheet=wnews&#038;output=xml_no_dtd&#038;ie=UTF-8&#038;oe=UTF-8&#038;filter=p&#038;getfields=wnnis&#038;sort=date:D:S:d1\">Ichiro Takamatsu<\/a>, chief investment officer at Alphex Investments Co., a Tokyo-based hedge fund. &ldquo;In Japan, people don&rsquo;t see cars as their status symbol anymore with this economic slowdown.&rdquo; <\/p>\n<p>Toyota sold 1.47 million vehicles including its Lexus luxury brand last year, down 7.4 percent. Nissan, the country&rsquo;s third-biggest carmaker, sold 678,160 units, down 5.9 percent. Honda Motor Co., Japan&rsquo;s second-largest automaker, boosted sales 0.4 percent to 624,547 vehicles, helped by higher demand for the Fit compact car and Freed minivan. <\/p>\n<p><strong><a title=\"Read Complete Article\" href=\"http:\/\/www.reuters.com\/article\/businessNews\/idUSTRE50409F20090105\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Toyota, Japan&rsquo;s largest automaker, forecast its first operating loss in 71 years as sales crater in the U.S., Japan and Europe. Spending on new cars in Japan has dropped as the country&rsquo;s jobless rate climbed to 3.9 percent [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9548","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9548"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9548\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}