Honda suffers 20% plunge in global productionJanuary 27, 2012 - 12:45 AMT PanARMENIAN.Net - Japan's Honda Motor, the country's third-biggest carmaker, suffered a 20 percent plunge in its global production last year, it said Friday, Jan 27. According to AFP, Honda made 2.91 million vehicles not including motorbikes in 2011, it said, down 20.2 percent as auto manufacturers struggled with natural disasters, a rising yen and the European economic slowdown. The figures came as Japan's major car firms announced their annual production for 2011. Toyota, which had already confirmed earlier this week it had lost its position as the world's biggest carmaker, said it produced 7.86 million vehicles, down 8.2 percent. Nissan, 44.3 percent owned by French partner Renault, was the only leading Japanese carmaker to increase annual global production despite supply chain disruption from the country's earthquake disaster and floods in Thailand. It produced 4.63 million units, up 14.3 percent from a year ago, while global sales hit a record 4.67 million vehicles, it said. Mitsubishi Motors, the nation's fourth largest automaker, produced 1.14 million vehicles, a 2.8 percent drop. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |