(Updates with details, background) TOKYO, March 19 (Reuters) - Profits of Japanese automakers will take a hit in the next business year if the yen remains strong, but the government will not be asked to intervene in the currency markets to lessen the blow, the head of an auto industry group said on Wednesday. Fujio Cho, chairman of the Japan Automobile Manufacturers Association (JAMA), said industry profits would not be affected greatly in the current business year, which for most ...
Premium Content (PAID Subscription Required)
"UPDATE 2-Japan car industry sees hit from yen next year" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.