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Tuesday, 30 October 2012
Nissan warns of slowing China expansion
Breaking News
FT.com
"Nissan warns of slowing China expansion
Carlos Ghosn, chief executive of Nissan, has warned that a protracted breakdown in relations between Japan and China could slow his company’s aggressive expansion into the Chinese car market, which Nissan has come to rely on for one-quarter of its sales.
In an interview with the Financial Times, Mr Ghosn said Nissan’s current investment plans, such as a factory in Dalian that is to be built in 2014, would go ahead despite a consumer backlash in China against Japanese car brands that has led to a sharp fall-off in demand.
But he cautioned that additional commitments would “be subject to a lot of scrutiny and analysis, and a little bit of time.”
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