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Japanese Automotive Industry Focuses on Luxury © CCTV.com

Japanese Automotive Industry Focuses on Luxury

Japanese vehicle manufacturers are raising sales and profits, helped by economic recovery in the US and Japan. Toyota, Nissan and Honda are focusing less on budget vehicles and more on luxury cars with higher profit margins. Takeshi Miyao – CARNORAMA Japan analyst – says a weakening yen and a recovering US economy will lift North American sales growth and be a key profit driver for the big three Japanese vehicle manufacturers this year. Further down the road, he says sales will come from markets much closer to home. Read more