Arab Today, arab today japan auto giants scale back china production
Last Updated : GMT 17:50:45
Arab Today, arab today
Arab Today, arab today

Japan auto giants scale back China production

Arab Today, arab today

Arab Today, arab today Japan auto giants scale back China production

Tokyo - AFP

Japan\'s big three automakers shuttered some or all of their factory operations in China on Tuesday amid escalating anti-Japan protests centred on a bitter territorial dispute between the Asian giants. Honda Motor said it had temporarily closed all five of its China plants after violent demonstrations, while Nissan temporarily shut two of three factories and Toyota said it had scaled back production but did not elaborate. \"We decided to stop production at our automobile factories for today and tomorrow (Wednesday),\" a Honda spokesman told AFP, adding that no decision had been made about plant restarts. \"We can produce cars in the factories, but we are concerned about delivery to the dealers,\" he added. Honda makes about 970,000 vehicles annually at its five China plants, while Nissan counts China as its biggest single market. \"From (Thursday), we will assess the situation to decide what to do,\" said Nissan spokesman Christopher Keefe. \"No facility has experienced direct trouble or direct damage. (But) the safety of our personnel is the highest priority.\" Toyota, Japan\'s biggest automaker, declined to offer specifics on shutdowns at its three assembly plants and six other factories, saying only that it viewed \"employees\' safety to be top priority\". Each factory \"has made its own decision based on an overall understanding of situation to conduct or not conduct operations today\", a Toyota spokesman said. \"Some will operate and some will not.\" The firms\' shares were hit in early Tokyo trade as the two nations\' bitter diplomatic tussle over East China Sea islands known as Diaoyu by Beijing and Senkaku by Tokyo spooked investors. By the break, Nissan was down 2.3 percent at 721 yen and Honda was off 1.53 percent at 2,630 yen while Toyota dipped 0.9 percent in early trade but clawed up to 3,230 yen, or 0.46 percent higher. A group of Japanese business leaders headed by Toyota\'s chairman said it may cancel a regular trip to China because of the dispute, while electronics giant Panasonic also said it was temporarily shutting some China operations. \"Obviously, it\'s in everyone\'s best interest to wind the tensions down, especially given Japan\'s huge investments and exports to China,\" said Nicholas Smith, an equity strategist at brokerage CLSA. Widespread anti-Japanese protests, some of them violent, have been held across China in recent days over the uninhabited archipelago situated in rich fishing waters and said to sit atop valuable natural resources. They are claimed by both Tokyo and Beijing, but controlled by Japan. A new bout of demonstrations is expected on Tuesday, the anniversary of the 1931 \"Mukden incident\" that led to Japan\'s invasion of Manchuria, which is commemorated every year in China. China and Japan have close trade and business ties, with numerous Japanese companies investing in their larger neighbour and two-way trade totalling $342.9 billion last year, according to Chinese figures. But the two countries\' political relationship is often tense due to the territorial dispute and Chinese resentment over past conflicts and atrocities. The row over the islands intensified last week when the Japanese government bought three of them, effectively nationalising them, and China responded by sending patrol ships to nearby waters.

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 japan auto giants scale back china production Arab Today, arab today japan auto giants scale back china production

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom,China plunges into biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom,China plunges into biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues

GMT 05:34 2017 Monday ,27 February

Brexit sows seeds of doubt for British farmers

GMT 06:38 2017 Sunday ,26 February

US rig count increases

GMT 06:01 2017 Sunday ,26 February

BRIC funds see inflows amid emerging equity boom

GMT 05:43 2017 Sunday ,26 February

Al-Gergawi quits Dubai Holding to focus on govt role

GMT 05:14 2017 Sunday ,26 February

Oil prices to average $50-$70 through 2022

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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