Except for Nissan, Japanese automakers on the rise
Four major Japanese automakers today reported their global production rose in May, but the country's second-biggest automaker, Nissan Motor, posted a decline, reports the Associated Press. Nissan said worldwide production fell 11.0 percent as domestic and overseas production declined for the fifth consecutive month. Toyota, Honda, Mazda, and Mitsubishi reported increases of 10.4 percent, 6.8 percent, 19.3 percent, and 4.2 percent, respectively.
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Second :
why contradictive with the following:Nissan said worldwide production fell 11.0 percent as domestic and overseas production declined for the fifth consecutive month.
What is that mean?Toyota, Honda, Mazda, and Mitsubishi reported increases of 10.4 percent, 6.8 percent, 19.3 percent, and 4.2 percent, respectively.
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Filed in Business | Automobile
Newspaper Edition
Nissan cuts output at 2 Japanese plants
Hiroshi Matsui and Naoko Fujimura
2006-06-17
NISSAN Motor Co, Japan's second-largest automaker, said it cut production at two of its four domestic assembly plants amid an eight-month sales slump in its home market.
Nissan stopped one shift at its Oppama factory in Kanagawa, near Tokyo in April, and reduced the working time at its Tochigi plant, north of Tokyo, said Kiyoshi Ariga, a Nissan spokesman, without giving the total amount the company was cutting production by.
Carlos Ghosn, Nissan's chief executive officer, has failed to stem a drop in domestic sales for the past eight months. The Tokyo-based automaker is suffering from a lack of new models, which generally boost sales for about a year in Japan, which has one of the shortest product cycles in the world. The carmaker will bring out four new models in the second half.
"Nissan's monthly sales figures have been bad," said Atsushi Kawai, an analyst at Mizuho Investors Securities in Tokyo. "Lowering production is a logical result."
Nissan's domestic sales fell 10 percent in the five months ended May 31 from the year-earlier period, after its aging models failed to lure customers. The Oppama factory builds compact cars, including the March and Cube. The Tochigi plant makes models such as the Skyline and Fuga sedans.
The company is maintaining its target for domestic production of 1.31 million units for the fiscal year. It will expand production in the second half when it brings out new models.
The automaker probably reduced daily production at Oppama by as much as 20 percent, the Nihon Keizai newspaper reported yesterday, without saying where it obtained the information.
Nissan cut workers' shifts to one from two at one assembly line at Oppama, Ariga said. The company also shortened working hours by 30 minutes at Oppama and by 2 hours at Tochigi.
Filed in Business | Automobile
Newspaper Edition
Nissan cuts output at 2 Japanese plants
Hiroshi Matsui and Naoko Fujimura
2006-06-17
NISSAN Motor Co, Japan's second-largest automaker, said it cut production at two of its four domestic assembly plants amid an eight-month sales slump in its home market.
Nissan stopped one shift at its Oppama factory in Kanagawa, near Tokyo in April, and reduced the working time at its Tochigi plant, north of Tokyo, said Kiyoshi Ariga, a Nissan spokesman, without giving the total amount the company was cutting production by.
Carlos Ghosn, Nissan's chief executive officer, has failed to stem a drop in domestic sales for the past eight months. The Tokyo-based automaker is suffering from a lack of new models, which generally boost sales for about a year in Japan, which has one of the shortest product cycles in the world. The carmaker will bring out four new models in the second half.
"Nissan's monthly sales figures have been bad," said Atsushi Kawai, an analyst at Mizuho Investors Securities in Tokyo. "Lowering production is a logical result."
Nissan's domestic sales fell 10 percent in the five months ended May 31 from the year-earlier period, after its aging models failed to lure customers. The Oppama factory builds compact cars, including the March and Cube. The Tochigi plant makes models such as the Skyline and Fuga sedans.
The company is maintaining its target for domestic production of 1.31 million units for the fiscal year. It will expand production in the second half when it brings out new models.
The automaker probably reduced daily production at Oppama by as much as 20 percent, the Nihon Keizai newspaper reported yesterday, without saying where it obtained the information.
Nissan cut workers' shifts to one from two at one assembly line at Oppama, Ariga said. The company also shortened working hours by 30 minutes at Oppama and by 2 hours at Tochigi.
Filed in Business | Automobile
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