The Toyota Prius.
According to Japan’s JADA dealer association data, quoted by the Nikkei [sub], Toyota’s Prius became the first hybrid to take the prime spot on Japan’s annual sales ranking of all cars, including minivehicles. 2009 Sales of the Prius jumped nearly 300 percent to 208,876 units.
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It’s getting old (in more ways than one:) The Japanese new car market marked its fifth straight fall in 2009. Sales of new cars, including minivehicles, dropped 9.3 percent in 2009 to just 4.6 million units. For the first time since 1978, the 5m level was ruptured, reports the Nikkei [sub].
Sales of regular cars dropped 9.1 percent to 2.92 million units. Sales of minivehicles (cars with a displacement of 660cc or less) fell 9.7 percent to 1.68 million units.
The only genki part: In December, new car sales were up 21.6 percent, fueled by government tax breaks for green cars. With minivehicles are excluded, sales of new cars increased 36.5 percent.
Refer to TTAC’s roundup of 2009 sales data for a continuously updated roundup of 2009 sales data from around the world.
The United Nations UNECE World Forum for Harmonization of Vehicle Regulations is likely to adopt many Japanese safety rules for hybrid and electric vehicles as a global standard, says the Nikkei [sub].
Currently, there are no ECE safety standards for hybrid and electric vehicles. Japan has pushed its domestic safety rules to be adopted as international standards. Chances for adoption are good, Japanese companies and rulemakers are the pioneers in the field. Europe, which usually dominates ECE rule making, is lagging behind in the development of hybrid and electric vehicles, and doesn’t have much to lose if the Japanese standards are accepted.
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Nissan Motor Co. failed to declare some $700m in income with the Japanese tax-san during a three-year period through March 2007, the Nikkei [sub] reports today.
The Tokyo Regional Taxation Bureau has sent Nissan an order to pay back taxes, including unspecified billions of Yen in penalties. Nissan has appealed.
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Toyota’s Venezuelan unit has yet to be inspected by the government, today’s Nikkei [sub] reports. As a matter of fact, they haven’t heard a peep.
Venezuelan President Hugo Chavez last week threatened to nationalize the plants of foreign car makers, and ordered his Trade Minister Eduardo Saman to “immediately” conduct a thorough inspection. Nothing happened.
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The Christmas season would be a reason to be merry, would it not be for Hugo Chavez. More details about his expropriation threats emerge. Turns out, Chavez did not just threaten to kick out Toyota for being lackadaisical in the production of “rustic” vehicles.
“President Hugo Chavez told foreign automakers Wednesday to share their technology with local businesses or they will be told to leave the country,” writes the Boston Globe. Chavez gave the ultimatum in wholesale fashion to Ford, General Motors, Toyota and Fiat. Implied, the ultimatum is also meant for Fiat-controlled Chrysler, for Mitsubishi, Mack and Fiat-owned Iveco. All of the above have production facilities in Venezuela. All are at risk of instant deportation.
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Battered auto parts makers in Japan are surviving on a diet of non-auto parts.
Today’s Nikkei [sub] has it that companies like Toyoda Gosei,. NHK Spring Co. and other auto parts makers are earning an ever greater proportion of profits from electronics components and other businesses not related to cars.
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Venezuela’s, well, President Hugo Chavez took a page out of the U.S. government’s playbook, and ordered Toyota’s local assembly plant to make more cars, pronto. If the Japanese don’t produce an adequate number of vehicles designed for rural areas, Chavez will expropriate Toyota and kick them out of Venezuela.
According to this morning’s indignant Nikkei [sub,] Chavez said his socialist government is going to apply strict quotas on the number and types of vehicles firms can produce. He ordered an immediate inspection of Toyota’s facilities to see how many “rustic vehicles” they are currently producing. (“Rustic,” not “rusty.”)
“They’ll have to fulfill (the quotas), and if not, they can get out,” said Chavez during a televised address. “We’ll bring in another company.” And what company would that be?
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Unbeknownst to many, Toyota and Volkswagen had been pretty tight in Japan. Japanese Toyota dealers started selling VWs in 1992. Last year, about half of the 45,522 VWs sold in Japan moved through the shared dealer organization. This helped Volkswagen become Japan’s top import brand for nine years. (Which says a lot about Japan’s import market.) Not only did they share the dealers, Toyota actually has been the distributor for half of the VeeDubs sold in the Land of the Rising Sun. Can’t make stuff like this up.
Now, Volkswagen and Toyota signed the green form (nippophiles know that the green form is for divorce, brown is for marriage.)
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Parts suppliers in Japan had near death experiences when they opened their Nikkei [sub] this morning. Parts suppliers in China and the rest of the world suffered heart and respiratory problems when the news of Toyota’s latest plan hit the news-wires.
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Come 2010, U.S. customers will storm the few remaining dealerships. GM will go public with a healthy pop that makes the taxpayer rich. The good old times will be back. The Japanese don’t think so.
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For some weeks, we have been following the steamy nampa between Japanese and European auto makers with more than prurient interest. First Mitsubishi and PSA (TBD), then Suzuki and VW (marriage consummated.) Now what? Now who? Suddenly, all eyes are on Mazda, the former wallflower of Nipponese car makers.
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Freshly wedded Suzuki and Volkswagen are not losing any time in consummating the marriage. Joint work will start immediately, or rather on January 10, 2010 said Suzuki Chief Executive Osamu Suzuki to Reuters. With that date, Suzuki-San is already bowing to Wolfsburg’s ingrained culture. As of this coming Friday evening, everybody who is somebody at VW will be off skiing in Zermatt or soaking in the surf of the Maledives, not to return before January 10th. No linkup with Suzuki will change that.
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First Renault and Nissan. Then VW buys a stake in Suzuki. Now Mitsubishi Motors is in talks with PSA Peugeot-Citroen about a capital tie-up.
You’ve seen nothing yet, thinks Japan’s Nikkei. “The latest round of partnerships is widely seen as just the beginning of a major shakeup of the automaking industry,” says the paper that is usually well informed about these matters.
“Both Mitsubishi and Suzuki should take cues from Nissan Motor Co, which was rescued from the brink of bankruptcy in 1999 by French firm Renault SA.” says the Nikkei: Translation: Don’t just have small minority share and swap deals. Sell majority control to partners with deep pockets. And get ready for a serious battle for world market domination.
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Das Autohaus [sub] has it from India’s Economic Times that VW and Suzuki are planning a low-priced mini-car which could give Tata’s Nano some problems.
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