Japan’s big seven automakers took another turn for the worse in November after global production fell by 6.3% year over year. Exports from Japan were a small bright spot with a 2.8% gain following a 2.5% decline in the prior three months. The improvement was led by a 26.3% surge in exports by Toyota – albeit from unusually low levels a year earlier – while Nissan’s climbed 10.8% higher. Nissan reports regional export data – shipments to North America rose 6.8% in November – but Toyota does not. Toyota may be deprioritizing the U.S. market, with U.S. seaborne imports associated with the f...
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