Japan Auto Production Grows In December

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Automobile production in Japan climbed 8.6% in December from the prior year to 788,067 units, the Japan Automobile Manufacturers Association (JAMA) reported on Friday. This is the second straight month in which auto production has registered an increase.

Automobile exports were down 5% year-on-year to 400,827 units in December, extending the current period of decline to fifteen months. In value terms, however, total auto exports increased 18.8% to $11.34 billion.

Auto production plunged 31.5% to 7.93 million units in calendar year 2009 compared to 2008, JAMA said.

Automobile production in Japan climbed 8.6% in December from the prior year to 788,067 units, the Japan Automobile Manufacturers Association (JAMA) reported on Friday. This is the second straight month in which auto production has registered an increase. (Market News Provided by RTTNews)