Market Report - Japan Car Boost

1. Honda is poised to ramp up output in Japan in preparation for a likely surge in demand if a bill offering consumers cash to replace old cars becomes law.

2. Japan's parliament is deliberating legislation to give people a $2,500 reward if they ditch cars over 13 years old in favor of more fuel-efficient models.

3. And Nissan shares got a boost after the automaker forecast a smaller-than-expected $1 billion loss this quarter.

4. It says its cost-cutting measures are having a bigger effect than anticipated, and that itll return to profit within a year if conditions stay the same.

5. But analysts warn against over-optimism, saying the automaker lacks big hitters to match Toyota's Camry or Honda's Accord.

6. In China, factory output slowed in April. But sales surprisingly accelerated.

7. Oil prices near $60 per barrel helped energy shares push most Asian stock markets higher.

8. And Rio Tinto shares dropped on growing speculation the global miner is set to launch a rights issue instead of selling $19.5 billion in stocks and assets to China's Chinalco.

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[samantha34ize]

usa (gm ford and other company in usa) purposely make thier car to break down after u finnish ur down patyment by the time u finnish paying for ur usa car u have to buy a new 1

[musthavejava]

Why can't the U. S. do the same thing?