Toyota, Nissan output up in May

June 26, 2008 7:58:08 AM PDT
Both Toyota and Nissan say global output rose in May, as strong demand in Asia and emerging markets offset the softening U.S. market. Toyota says overall global production rose 3.6 percent from the previous year to 806-thousand vehicles. The automaker says exports from Japan advanced slightly.

Meanwhile, Nissan says global production in May rose 5.1 percent to 27-thousand vehicles. However, Nissan's overseas output retreated more than 8 percent to 175-thousand units, dragged down by the U.S. and Mexico.

Honda's numbers for May are lower, as global output fell 3.7 percent to 316-thousand vehicles.

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