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Top carmakers slash output after green subsidies end

Kyodo

The nation’s top three automakers cut domestic output in August by double digits after the “green car” subsidy program ended, data released Wednesday show.

Toyota Motor Corp.’s output sank 10.9 percent on year to 233,514 vehicles, Nissan Motor Corp.’s output fell 11.7 percent to 77,812 units and Honda Motor Co.’s fell 10.6 percent to 62,129.

Toyota and Honda also logged dips in overseas output. Toyota’s edged down 0.5 percent to 429,086 units, while Honda’s fell 0.8 percent to 260,817. Nissan’s offshore output rose 6.2 percent to 317,955 units, a record for August, on robust demand in North America.

Toyota exported 138,561 units, down 0.3 percent, and Nissan 44,327 units, down 11.5 percent. Honda’s exports rose 2.2 percent its first rise in 14 months to 11,029.