(Reuters) – Nissan Motor Co Ltd ( 7201.T ) is cutting production by up to 20 percent in North America to cope with a decline in car sales, the report said. Nikkei on Monday.
The cuts are already in progress at two assembly plants in the United States and three in Mexico. The lines will decrease to the point where production will fall by 10 to 20 percent annually in summer, the Nikkei said. (s.nikkei.com/2kA8cYl)
Nissan employees will not be fired, and production lines will not be completely halted, and cuts are expected to end in the fall, the paper reported.
Report of Ambar Warrick in Bengaluru; Editing by Stephen Coates