Toyota Shows Signs Of Quake Recovery

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Toyota cars awaiting delivery.

TOKYO-Toyota Motor Corp. joined other Japanese auto makers on Wednesday in reporting its first increase in monthly domestic output since the March 11 earthquake and tsunami disrupted their global supply chains.
The August gains mark the latest step in the industry's steady efforts to restore domestic production to pre-quake levels, but executives continue to warn that the strong yen could undermine a recovery of the export-dependent industry.
Toyota, Japan's largest auto maker by output, posted a 12% on-year rise in domestic production in August, marking its first year-over-year increase in 12 months as a near-complete recovery in its parts supply chain helped boost output.
Toyota Yaris vehicles bound for export sit in a lot at the port of Sendai, Japan. Toyota posted a 12% on-year rise in domestic production in August, marking the first rise in 12 months
Suzuki Motor Corp. and Mazda Motor Corp. also said they boosted domestic production in the month.
Suzuki, Japan's fourth-largest auto maker by volume, said its output in August rose by 5.9% from a year ago, marking its first rise in 11 months, while Mazda, the country's fifth-largest car company, said its production climbed 5.6%, its first rise in six months.
Nissan Motor Co. and Honda Motor Co.-Japan's second- and third-largest car makers, reported 17% and 2.5% drops in domestic output in August, respectively.
The companies attributed the declines mainly to higher production a year ago spurred by strong demand by customers who rushed to buy fuel-efficient cars before the expiry of government subsidies.
In the April-July period, Japan's overall auto output fell 34%, or 1.4 million vehicles, compared with the same period in the previous year. But car makers are now poised to start to boost production to make up for delays after the March disasters.
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