Japan car firms hit by sales fall
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Japanese car firms record lower sales in August compared to a year earlier, as demand slows.
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German-US auto maker DaimlerChrysler reported a fall in sales by its up-market Mercedes-Benz car unit in February because of weakness in its ultra-compact Smart car division.
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MG Rover car sales suffer a sharp fall in sales for the second month running, industry figures show.
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Capital investment spending by Japanese firms fell in the second quarter, raising worries of a wider slowdown.
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Japanese car maker Mitsubishi, hit by a defect cover-up scandal earlier this year, posts heavy losses as sales plunge.
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Production in Japan rose at three of the nation's top five automakers in September from a year ago, but was down at scandal-hit Mitsubishi Motors Corp. as well as at Nissan Motor Co., according to figures released Tuesday.
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Toyota Motor Corp., the world&#39;s second- largest carmaker, had an unexpected drop in quarterly profit as earnings at its truck making unit fell and a stronger yen cut the value of its overseas sales.
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Troubled Japanese car maker Mitsubishi Motors is seeking fresh financial backing as it ditches three top bosses amid falling sales.
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French automaker Renault said vehicle sales slipped 4.2 percent in May from a year earlier to 214,358 amid competition from Asian brands and an older product lineup.
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Japanese stocks fell, paced by exporters such as Canon Inc. and Nissan Motor Co., after a US government report showed that the world&#39;s largest economy added fewer jobs in November than some economists had expected.
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Business confidence among Japanese manufacturers has weakened for the first time since March 2003, the quarterly Tankan survey has found.
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The Nikkei average fell 1 percent by  midsession on Tuesday as auto makers declined following a rise  in crude oil to another record high, and as the yen's rise  against the dollar stoked concern over exporters' earnings.
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Confidence at Japanese companies fell to its lowest level in more than two years, a closely-watched Bank of Japan survey showed Friday, amid rising anxiety about a possible slowdown in the U.S. economy and recent market turmoil.
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The automaker attributed the decline to a cutback in fleet sales to daily rental companies, a âsoft industryâ and lower incentive spending.
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Japanese car sales fall to a 35-year low as a shrinking population and limited wage growth hurt demand.
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TOKYO, Japan -- Japanese stocks are lower at midday Tuesday after Wall Street declined. Techs, banks and carmakers are in the red.
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Japanese stocks fell, led by exporters such as Sony Corp. and Toyota Motor Corp., on concern their earnings will be eroded by record-high oil prices and a gain in the yen to a one-month high against the dollar.