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Yamaha Reports Q2 2011 Results

A drop in net sales, an appreciating yen and the fallout from the March 11 earthquake and tsunamis in Japan contributed to a 4.6% drop in profit for Yamaha Motor Co. over the second quarter of 2011. Over the quarter ended June 30, 2011, Yamaha saw a 5.9% drop in net sales compared to the same period in 2010.Yamaha reports sales of 344.5 billion yen (US$4.48 billion) over the second quarter, compared to the 366.3 billion yen (US$4.77 billion) reported in the same quarter in 2010.

Yamaha Motor USA to Swallow Up Yamaha Canada

Yamaha’s board of directors has voted in transfer all shares of its Canadian subsidiary to its American subsidiary, a move which would give Yamaha Motor U.S.A. responsibility over the entire North American market. The proposed transfer, set to begin in December,  will make Yamaha Motor Canada a subsidiary of its American counterpart.

Yamaha Motiv – A Car From The Tuning Fork Company

According to reports from the Tokyo Motor Show Yamaha has announced preliminary plans to produce the Motiv, a lightweight, two-seater similar to a Smart car. The Motiv is apparently based on Gordon Murray Design‘s T25 and T27 concept cars and will apparently use Murray’s iStream assembly process. Sources say the vehicle is targeted for the European market and will be available in both electric as well as fossil fuel versions.