Friday, October 5, 2012

Japanese carmakers hit by Diaoyu islands row





Toyota Motor Corp’s China sales fell about 40 per cent in September from the year before, while those of rivals such as Hyundai and BMW jumped, underscoring how badly Japanese brands have been hit by a territorial row between the two countries.


Showroom traffic and sales have plunged at Japanese car makers since violent protests and calls for boycotts of Japanese products broke out across China in mid-September over the Japanese government’s purchase of a group of disputed islands in the East China Sea from their private owner.









via Business feed http://www.scmp.com/business/companies/article/1054462/japanese-carmakers-hit-diaoyu-islands-row

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