nissan \struggling to satisfy china growth\
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Nissan 'struggling to satisfy China growth'

Arab Today, arab today

Arab Today, arab today Nissan 'struggling to satisfy China growth'

Tokyo - AFP

The new executive in charge of Nissan's key China business said Thursday that the number-two Japanese automaker was struggling to catch up with soaring sales in the world's biggest vehicle market. Nissan, part-owned by France's Renault, took a huge hit last year when a Tokyo-Beijing territorial dispute set off riots in China and a consumer boycott of Japanese brands. Nissan, which depends on China for about one-quarter of its global sales, saw demand plummet and has since been trying to scratch back to its pre-boycott 7.7 percent market share. Hiroto Saikawa, who was appointed head of Nissan's China operations after a management shakeup this month, said the firm was on its way back, but was struggling to catch up in a market that grew 20 percent last month from a year ago. "Last month, we were at 6.2 percent market share. If the pace continues, we will be above 7.0 percent in the last quarter of 2013," he told AFP on the sidelines of the Tokyo Motor Show. "But the growth of the market has been much faster than what we anticipated." Before the long-running dispute over an East China Sea archipelago flared anew last year, Nissan was opening 40 to 50 new dealerships in China a year but it had to slam the brakes on that growth as sales dived, Saikawa said. With recent data suggesting the world's second-largest economy was on a stable footing, the Nissan executive said the automaker's plants in China were now running at full steam as its rebuilds its dealer network. "The economy is so stable and the growth in demand is so solid that, last month, the market expanded 20 percent from a year ago," Saikawa said. "There is no way we can even produce that many cars. Our production is now almost at full capacity." Nissan, which has three plants in China with a local partner and plans for another factory to open in 2014, expects to sell about 1.27 million vehicles in the country this year. Some 19.31 million vehicles were sold in China last year, and experts are forecasting sizzling growth until at least 2020.

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 \struggling to satisfy china growth\ nissan \struggling to satisfy china growth\

 



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 \struggling to satisfy china growth\ nissan \struggling to satisfy china growth\

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday