Steel crisis leaves Nissan output &#39;at risk&#39;
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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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A once-ailing heavy industry is now in heavy demand. The next step? Global consolidation. For the last decade, much of the West&#39;s steel industry has been in the doldrums.
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JAPAN&#39;S second largest carmaker, Nissan Motor, is being forced to suspend output because of a severe steel shortage. Japan&#39;s largest steel company, Nippon Steel, said it was unable to meet Nissan&#39;s request
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Weakness in manufacturing, especially the auto industry, may be damping economic prospects, but the bigger services sector appears to be more than making up for it.
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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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TOKYO -- Nissan Motor Co. said Friday that profit tumbled 22.6 percent in the October-December quarter amid rising commodity costs, tougher competition and softening sales.
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Ministers come under pressure over the crisis at Ferguson shipyard, where up to 99 jobs could be lost.
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Nissan, Japan's third-largest carmaker, sees profits fall 23%, hit by lower sales and higher raw material costs.
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Nissan said today it would halt operations at some of its car plants in Japan for five days starting late this month because of a shortage of steel sheet.
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PARIS, Sep 26 (IPS) - When French car company Renault SA and its Japanese  partner, Nissan Motor Co., announced their intention to build a  joint assembly plant in Tangier, Morocco at an estimated cost of  1 billion euros, it was a substantial enough investment to make  auto industry analysts take notice.
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The company managing Rio Tinto iron ore&#39;s rail lines in the Pilbara, in north-west Western Australia, says equipment failure rather than human error is to blame for a major derailment last week.
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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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Steel shares hit seven-year highs yesterday after Nissan said the metal is in short supply in Japan. US Steel rose $3.30, or 7%, to $51.25, while Nucor surged $2.90 to $54.05, an all-time high.
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Japan's second-largest carmaker Nissan is to halt home production for five days because of a shortage of steel.
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Shares of Nissan Motor Co surged 12  percent on Monday, poised to post their biggest one-day rise in  7 years after Japan's No. 3 automaker posted a surprise gain in  quarterly profit on a pick-up in global sales.
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Nissan is in talks with Chrysler on a possible manufacturing agreement.
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Increased Chinese steel exports give the industry indigestion.