Nissan Forecasts US$2.9B Loss for Fiscal Year; Cuts Planned Production by 20%
Green Car Congress
FEBRUARY 9, 2009
FY2009 labor costs in high-cost countries will be reduced by 20% from ¥875 billion to ¥700 billion. In March 2008, company and dealer inventory was 630,000 units; that level will be reduced by 20%, to 480,000, by March 2009. Joint manufacturing projects with Alliance partner Renault in Morocco and India will be revised.
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