Japanese carmakers make a comeback

AUTOMOBILE      TOYOTA      HONDA      NISSAN      JAPAN

Japan - The country's 12 vehicle makers saw a 51% increase in output in April from a year earlier, thanks to a global recovery that spurred exports.

The Japan Automobile Manufacturers Association said that output surged to 731,794 units, while exports grew by 90%.

Japanese carmakers halted production in an attempt to reduce inventory during the recession last year. As demand recovered in the US, Japan and China, the companies are now boosting production this year.

Toyota's domestic production in April rose 71% from a year earlier, while sales increased by 50% and exports doubled. Meanwhile, Honda reported a 30% increase in domestic output with exports surging to 66%.

Nissan also raised domestic output by 74%, as exports grew 70%, reported Bloomberg.

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