Japan&#39;s steel crisis forces Nissan to cut car production
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JAPANâS two biggest steelmakers admitted for the first time yesterday that they were unable to satisfy demand, forcing Nissan, the carmaker, to cut its fourth-quarter production target by 30,000 vehicles.
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TOKYO -- Japanese automaker Nissan Motor Co. Ltd. plans to move production of two vehicles to Japan from the United States as a way to save costs on automobiles produced in smaller quantities, according to a news report yesterday.
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SEOUL: Shares in Posco hit a lifetime high early on Friday, after Japanese carmaker Nissan Motor sought more steel shipments from the worldâs fifth-largest steel maker.
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As had been predicted, Ford has announced that car production is to cease at Jaguar&#39;s Browns Lane plant in Coventry , England .
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Japanese carmaker blames high costs, rising taxes and weak domestic sales for a drop in quarterly profits.
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TOKYO Nissan Motor, Japan&#39;s second- largest carmaker, may be forced to cut production for a second time in four months because it cannot get enough steel, raising concern about the company&#39;s supply strategy.
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TOKYO: Japan&#39;s Nikkei average inched higher on Thursday, helped by gains in steel producers like JFE Holdings after Nissan Motor said it was suffering from a shortage of steel.
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The steel crisis at Nissan Motor might force the carmaker to reduce production by a further 15,000 vehicles next March on top of the 25,000 that have been
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Nissan Motor Co., Japan&#39;s second- largest carmaker, said it will suspend production at three factories for five days over the next two weeks because the company has difficulty obtaining steel.
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General Motors Corp. , Renault SA  and Nissan Motor Co.  on Wednesday said they had broken off talks over a proposed alliance between the three automakers.
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The nation&#39;s two largest automakers said Wednesday they will reduce production in the first quarter of 2005 after reporting weak November sales.
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TOKYO Hoping for a turnaround, Mitsubishi Motors instead hit a wall on Monday as the ailing automaker reported a huge loss for the most recent quarter and said vehicle sales had plunged in Japan and the United States.
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Nissan is to produce a new car at its plant in the North East, which it says will help to safeguard 1,000 jobs.
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General Motors and Ford are cutting production in their domestic market over the coming months as car sales begin to slow amid wilting consumer confidence.
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Nissan Motor Co. said Thursday it will halt operations at three of its plants in Japan for five days starting later this month due to a steel sheet shortage.
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&quot;It&#39;s a bit of a feather in the cap,&quot; said Nissan&#39;s head of European operations, Trevor Mann, of the export of Nissan&#39;s British-made cars to Japan for the first time in more than a decade.
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General Motors and Ford are both considering steep cuts in production, as their US sales slide in the face of Japanese competition.