InsideJapan News Network
Friday,
14th
November
2008
In Business In Japan,
In Business In Japan,
Nissan to cut production
Japan's third-biggest car manufacturer Nissan has announced it is to cut production for the second time in as many weeks.
Nissan said the move was being taken as a result of a sharp downturn in demand around the world.
In a statement, the firm said: "In light of declining sales in major global markets, the production cut is necessary in order to manage inventory levels and ensure a balanced production supply."
Despite coping with the credit crunch better than its rivals in the US, Nissan has started to suffer as consumers shun car showrooms.
As of next month, the company also plans to cut four shifts at its plant in Oppama, south-west of Tokyo and slow production at its Tochigi and Kyushu factories.
In related news, Democrats in the US congress are pushing ahead with plans to bail out car manufacturers in Detroit, despite the reluctance of the Bush administration.
Related news stories:
Nissan to raise prices (1st September 2008)
Nissan to increase production (21st September 2010)
Nissan hit by Hitachi part delay (14th July 2010)
Nissan said the move was being taken as a result of a sharp downturn in demand around the world.
In a statement, the firm said: "In light of declining sales in major global markets, the production cut is necessary in order to manage inventory levels and ensure a balanced production supply."
Despite coping with the credit crunch better than its rivals in the US, Nissan has started to suffer as consumers shun car showrooms.
As of next month, the company also plans to cut four shifts at its plant in Oppama, south-west of Tokyo and slow production at its Tochigi and Kyushu factories.
In related news, Democrats in the US congress are pushing ahead with plans to bail out car manufacturers in Detroit, despite the reluctance of the Bush administration.
Related news stories:
Nissan to raise prices (1st September 2008)
Nissan to increase production (21st September 2010)
Nissan hit by Hitachi part delay (14th July 2010)
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