Japanese Car Industry Gets Beaten Up In China

Looking back at three catastrophes, the high yen, the tsunami and the Thai flood, a Japanese auto executive said to me last spring: "We've gone through hell, and made it. What else would be there, war?" He was close. A war of words over rocks in the East China Sea destroys Japanese car sales in China, while Korea profits.   Honda's China car sales plunged 54 percent in October from a year earlier, Reuters reports. In September, Honda's sales fell 41 percent. Nissan sold 64,300 vehicles in China in October, down 41 percent. In September, sales had been down 35 percent Yesterday, Toyota announced that October China sales had dropped 44.1 percent. At the same time, Hyundai's China sales climbed 37 percent in October, after a 15 percent rise in September. Reuters comments that Hyundai's 80,598 units sold in October exceed the 69,715 combined sales total of Honda and Toyota for October. from The Truth About Cars http://www.thetruthaboutcars.com

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