The good news is car manufacturers in Japan continue to prosper in a country where the economy has been depressed for more than a decade. Last fiscal year, ending March 31, Toyota, Honda and Nissan – Japan’s Big Three – all reported record operating profits, while Mazda and Mitsubishi delivered impressive profit recoveries. That’s because North America yields the lion’s share of their profits. Indeed, Japanese marques now account for 27.8% of automotive sales in the U.S., alone. A new ...
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