English | دری

Japanese Carmakers cutting down production in China

in International Business

Japanese Carmakers cutting down production in China

Japanese carmakers Nissan and Toyota are cutting down production of vehicles in China amid slowing demands.

The decline in demand followed after the anti-Japanese protests across China over the territorial dispute between the two countries over islands in the East China Sea, which both countries claim.

Nissan shares were down 3.2% in Tokyo trading, while Toyota fell 2.7%. Honda Motor, Japan’s third largest car maker, dropped almost 5%.

Japanese carmakers, as well as retailers, bore the brunt of the anger towards Japan in China last week.

The islands, known as Senkaku in Japan and Diaoyu in China, are controlled by Japan but both China and Taiwan lay claim to them.

Protesters attacked car showrooms in some cities.

Japanese car makers were already facing a slowdown in their sales in China, as the growth of the country’s economy eases



Related Articles

A senior official reveals Bank of England’s EU exit project in an email

A senior official of the Bank of England inadvertently sent details of a confidential project on the United Kingdom (UK)

Health care law may mean less hiring in 2013

Paul Davidson, USA TODAY Many businesses plan to bring on more part-time workers next year, trim the hours of full-time

LG to pay the highest amount to settle US LCD price-fixing Case

LG has agreed to pay USD 380m to settle an LCD panel price-fixing case in the US. Other LCD makers

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.