Toyota, Honda predict gain
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Japan&#39;s leading automakers Toyota Motor Corp. and Honda Motor Co. put rivals on notice this week by announcing higher sales targets for 2005 and ambitious production increases worldwide.
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Toyota reported a 39 percent jump in profit in its fiscal first quarter, with strong vehicle sales around the world keeping the company on a pace to possibly overtake General Motors as the world's No. 1 automaker in coming years.
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Honda Motor Co  posted a forecast-beating 63 percent jump in quarterly earnings as strong sales of its new CR-V crossover made up for higher raw material costs, and it raised its full-year net profit forecast on a lower tax rate.
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The Nikkei average gained 0.74 percent on   Thursday, recovering from Wednesday's five-week closing low, as   easing concerns about a U.S. slowdown helped investors to turn   to Shin-Etsu Chemical Co. Ltd. 4063.T, Toyota Motor Corp.   7203.T and others with good earnings prospects.
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A new study predicts Toyota will surpass DaimlerChrysler AG as the third largest seller of new vehicles in the United States by 2009.
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CHICAGO _ Toyota will sell more vehicles in the United States than DaimlerChrysler by 2009 to join General Motors and Ford in a new-look Big Three, a leading industry forecaster predicts.
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Toyota Motor Corp. (7203.T), the world's  most profitable car maker, posted a better-than-expected 26.5  percent rise in quarterly operating profit as sales charged  ahead in North America and Europe, and kept its forecast for  another year of record earnings.
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Automaker targets entry-level drivers as part of bid to increase its share of American market. By Kae Inoue and Maki Shiraki. Honda Motor Co.
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The Toyota Motor Corporation, on pace to become the world's biggest auto company, reports a 7.3 percent gain.
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TOYOTA Toyota Motor, the world&#39;s biggest automaker by market value, said Tuesday that it expected group vehicle sales to rise 7 percent in 2005 to a record as the company releases new models and demand picks up in the United States, Asia and Europe.
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Toyota, the world&#39;s most profitable car company, yesterday shrugged off a looming steel shortage and said it expects sales to gain 8pc next year after a 10pc rise in 2004.
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Asian brands push Ford, DaimlerChrysler and GM to offer greater incentives and come out with new styles. By John Porretto. DETROIT -- Most veteran forecasters say they expect a familiar sales trend in the US
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This is the first in a series of business features by Reuters focusing on some of the world's biggest brands and most innovative companies. Toyota has risen to the top ranks of the world's car makers through its revolutionary production process, cost controls and attention to quality. But as Toyota President Katsuaki Watanabe told Reuters Asia auto correspondent Chang-Ran Kim: "The moment we let down our guard, the fall could come very fast."
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Japanese auto stocks such as Toyota Motor Corp. rose after a US government report showed retail sales gained more than expected last month, with spending on vehicles recording the biggest increase in three years.
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However, the decline is not as bad as analysts had expected, and the company raises its profit outlook. By Todd Zaun. TOKYO -- The Honda Motor Co.
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Honda Motor Co  posted a stronger-than-expected 38 percent rise in quarterly profit on Wednesday, helped by a jump in Asian margins in particular and strong global sales of its new CR-V crossover.
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Japanese stocks advanced, paced by exporters such as Honda Motor Co. and Fuji Photo Film Co., after the yen fell against the dollar, bolstering optimism a weaker local currency will raise the value of overseas sales.