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Toyota sales look up as China-Japan ‘island spat’ wanes

The two nations were battling over islets in East China Sea currently administered by Japan, to which China laid claim in October

ANI

Posted On Wednesday, December 05, 2012 at 01:06:21 PM

Chinese coast guards patrol around  the islets that affected Toyota sales
Tokyo: Japanese automobile firm Toyota Motor Corp has said that new car sales in China has dropped to a softer 22.1 per cent in November, indicating the fallout from the anti-Japanese protests in China this summer has begun to wane.

In October, Toyota’s sales sank 44.1 per cent from the previous year, while Mazda Motor Corp reported new car sales in the country fell 29.7 per cent in November. improving from a 45.0 percent fall the previous month.

From January to November, Toyota’s sales in China slid 3.3 per cent from the same period last year, making it unlikely the company will achieve its target of selling 1 million cars in China this year.

Sales plunged 48.9 per cent in September after the Japanese government purchased some of the Senkaku Islands from a private Japanese owner the same month, sparking extensive demonstrations across China.
 
The islets in the East China Sea are administered by Japan but also claimed by China as Diaoyu and Taiwan as Tiayutai, it added. However, Japanese automakers resumed sales campaigns in China, the world's largest auto market, around mid-October as the hostilities showed signs of subsiding.


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