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 | Armenia-Qatar ties discussed in Doha The Secretary of Armenia’s Security Council met with the Deputy Secretary General of the National Security Council of Qatar. ARARAT special evening dedicated to Aznavour's 100th Anniv. On May 20 ARARAT legendary Armenian brandy, celebrated the centennial of Maestro Charles Aznavour with a special event. Surveying works underway in Armenia’s Kirants Surveying works are underway in the Armenian village of Kirants in the northern Tavush province. Armenia calls for prohibiting threats of attacks on nuclear facilities Armenia has raised the need for a treaty prohibiting attacks on nuclear facilities devoted to peaceful purposes. |