nissan to pull infiniti production out of japan
Last Updated : GMT 20:41:34
Arab Today, arab today
Arab Today, arab today

Nissan to pull Infiniti production out of Japan

Arab Today, arab today

Arab Today, arab today Nissan to pull Infiniti production out of Japan

London - Arabstoday

The high value of the yen will prompt Nissan Motor Co. to shift production of Infiniti vehicles out of Japan to other locations, Nissan CEO Carlos Ghosn said. \"You won\'t have to wait a long time before we make a decision about the new base for sourcing of Infiniti,\" Ghosn told a group of reporters April 4 during the New York auto show. \"If you follow our logic, we should make the cars where we sell them.\" Infiniti currently imports every model but one from Japan. Last month, the luxury brand launched production of the new JX35 crossover at Nissan\'s assembly plant in Tennessee. Ghosn said that North America and China are both under consideration as locations for additional Infiniti production sites. Coincidentally, Nissan said earlier this year that it will build a new $2 billion assembly plant in Aguascalientes, Mexico, and has not specified what products it will produce there. On Wednesday, one dollar bought 82.36 yen in trading, though the Japanese currency has bounced off its recent highs. The yen\'s strength has substantially weakened Japanese automakers\' earnings on exports, forcing them to move more output overseas. Ghosn blamed the high value of the yen for holding Infiniti back from his goal of claiming 10 percent of global luxury sales. He admitted Infiniti is still far behind on that goal. \"Infiniti is not sold in Japan,\" he noted. \"So this is an interesting case where you have most of the sourcing in Japan, none of the sales in Japan. And today, having the sourcing in Japan with the yen is obviously not the right system. So we\'re going to be moving Infiniti out of Japan in order to give it a little bit more competitiveness.\" Last year, Infiniti sales in China rose 61 percent, according to the company. The automaker recently announced that it will move Infiniti\'s global operating headquarters out of Japan and establish it in Hong Kong. Ghosn said that Nissan has observed Infiniti\'s German rivals diversify their source of production at different locations around the globe. He indicated that diversification is also a smart move for Infiniti. \"We\'re seeing what the Germans are doing,\" he said. \"The Germans are diversifying their base and they are producing practically everywhere.\" Infiniti\'s U.S. sales are down 6 percent so far this year from the same period in 2011, despite the addition of small numbers of new JX sales.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nissan to pull infiniti production out of japan nissan to pull infiniti production out of japan

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nissan to pull infiniti production out of japan nissan to pull infiniti production out of japan

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday