Toyota, Nissan Output up in May

June 26, 2008 11:41:29 AM PDT
Auto production may be down here in the U.S., but strong demand in Asia and emerging markets helped push output higher in Japan last month. Toyota says overall global production rose 3.6 percent from the previous year as exports advanced slightly.

However, it is retreating from its previous prediction of becoming the largest automaker in the world, as it tries to take the title away from General Motors.

Nissan says its output in May rose 5.1 percent. However, its overseas output retreated more than 8 percent, dragged down by the U.S. and Mexico.

Honda's numbers for May are lower, with global output falling 3.7 percent.