A group representing Japanese automakers says that country’s production of cars, trucks and buses marked its steepest drop in at least four decades in November.
The Japan Automobile Manufacturers Association says vehicle production in Japan, home to Toyota Motor Corp. and other major automakers, totaled 854,171 vehicles in November. That’s a 20.4-percent in November compared to the same month a year ago.
The association says November marked the second straight month of year-to-year declines, and the percentage slide was the biggest since it began compiling such data in 1967.
Japanese automakers, which also include Honda Motor Co. and Nissan Motor Co., have been hammered by the dwindling demand in the U.S., the world’s biggest auto market.