Arab Today, arab today nissan to chop japan production by 15
Last Updated : GMT 06:10:04
Arab Today, arab today
Arab Today, arab today

Nissan to chop Japan production by 15%

Arab Today, arab today

Arab Today, arab today Nissan to chop Japan production by 15%

Tokyo - Arabstoday

Nissan Motor is cutting its production in Japan by 15.0 percent from next month in a response to surging manufacturing costs driven by a stronger yen and weakening domestic demand, reports said Thursday. The company will suspend one of two production lines at the Oppama factory south of Tokyo, resulting in its domestic annual output falling to 1.15 million vehicles from 1.35 million, according to the Nikkei business daily and domestic agencies Jiji Press and Kyodo News. A Nissan spokesman confirmed to AFP plans to suspend one line at the plant, adding that it will still be used to test new models and no job cuts were planned but did not confirm other details. The move will end domestic production of four models including the Note and Tiida hatchbacks, and Tiida Latio sedans, the spokesman said, marking the first time that Nissan, Japan\'s second-biggest automaker, has trimmed domestic output since shuttering a Tokyo-area plant about a decade ago. Some of the Oppama plant\'s Tiida Latio production will be moved to Thailand, the Nikkei said. \"It is a reduction of our mass production capacity but not a complete reduction of production capacity, as the line could be reactivated again if necessary,\" the spokesman said. \"Of course we will keep employees, although for a different role,\" he added. Separate reports have said rival Toyota Motor will gradually cut its annual domestic production by 400,000 units to 3.2 million while boosting overseas production due to high manufacturing costs at home. Japanese automakers have been increasingly eying increases to their overseas output amid high labor costs and a strong yen, which makes their products pricier overseas while shrinking repatriated foreign-earned income. The industry was also battered by Japan\'s quake-tsunami disaster last year, flooding in Thailand in late 2011 and wobbly domestic demand. However Nissan still posted a 341.43 billion yen ($4.29 billion) net profit in the fiscal year to March, up 7.0 percent year-on-year and bucking a national trend of falling auto profits. The company also said sales rose to a record 9.41 trillion yen with 4.85 million vehicles sold globally, largely driven by foreign demand, particularly in its biggest market, China. From TheDailyStar

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*

Arab Today, arab today nissan to chop japan production by 15 Arab Today, arab today nissan to chop japan production by 15

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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