It’s been a little over two years since the 2011 Tōhoku earthquake and its ensuing tsunamis devastated the eastern coast of Japan, and the country is still struggling to rebuild from the tragedy that claimed thousands of lives and displaced countless families. Some areas such as Hamamatsu, an industrial city home to several companies including […]
Yamaha to Cut Motorcycle Production in 2009
More bad news from the motorcycle industry
With mounting inventories coupled with a drop in demand, Yamaha will be cutting its motorcycle production in Japan by 24 percent this year or to about 260,000 total units; one newspaper reported this would be a 40-year low for the manufacture.
Yamaha plans to cut production for motorcycles and other products by 30 percent in the Americas, 20 percent in Europe but will maintain production levels in Asia where demand has not dropped off. The company is forecasting its group sales to fall 22 percent with an operating loss of about $300 million.