Japan auto industry

.Automobile Death Spiral in Japan

Japanese automaker Nissan to cut domestic capacity 15%

A rising yen has hit the export competitiveness of Japanese manufacturers. Nissan had, in January, said it would cut back on exports from Japan to reduce its exposure to the rising local currency.

The automaker will suspend one of the two production lines at its key Oppama plant in Kanagawa Prefecture, without laying off any employees, the paper said. Nissan will stop the production of the Tiida in Japan, it added.

 

-- And just yesterday we learned that Toyota will cut its domestic capacity 10%. -- RF