Nissan to further cut production in Japan

[Coventina]

Source: Associated Press

TOKYO (AP) — Nissan Motor Co., facing a sharp slowdown in global demand, said Friday it would cut production for the second time in two weeks.

Japan's third-biggest automaker said it plans to lower domestic output by 72,000 vehicles during the rest of the fiscal year through March 2009, on top of a global production reduction of 200,000 units it announced on Oct. 31.

"In light of declining sales in major global markets, the production cut is necessary in order to manage inventory levels and ensure a balanced production supply," Nissan said in a statement.

While Japanese automakers are faring better than American rivals, they too have been battered in recent months as consumers in the U.S., Europe and even Asia increasingly shun showrooms.



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