Nissan says that its global production will return to normal levels by October

Article by Christian A., on May 12, 2011

At a news conference, Nissan Motor Co. CEO Carlos Ghosn said that its global production will go back to normal this October. The Japan earthquake on March 11 had led to factory stoppages and disrupted the distribution of supplies.

Ghosn said Nissan isn’t revising its strategy of making 1 million vehicles annually in Japan. As a result of the earthquake, Nissan had a production loss of 55,000 units in Japan last March.

The earthquake had damaged Nissan’s Iwaki engine factory in Fukushima prefecture and it was closed until April 17. Except for its Kyushu plant in southern Japan, all of Nissan's car-building factories had been closed until March 23.

Nissan said that for the month of April, its production volume in Japan is only 40% of the levels last year. For this month, its output has just been at 50%.

Starting in April, its production has had periodical stops at plants in Mexico, the U.S. and the U.K. Its factories in China have suspended weekend and overtime shifts.

Nissan, which is the second- largest automaker in Japan, posted a fourth-quarter profit that exceeded expectations after the earthquake affected domestic sales and shut down factories.

For the quarter that ended March 31, its net income was 30.8 billion yen ($380 million), compared with a loss of 11.6 billion yen a year ago. This surpassed the 23 billion yen average of five analyst estimates compiled by Bloomberg.

If you liked the article, share on:

Topics: nissan, production

Comments

Recommended

It has been nearly eight years since Toyota entered a new era of sports cars when it officially unveiled the production version of the Toyota 86 – also known as...
by - February 27, 2019
The new Audi TT RS – yes, the top version of the German carmaker’s facelifted TT model series – is now officially here. If you could remember, the range-topping TT...
by - February 18, 2019
Nearly half a year ago when McLaren Automotive unveiled the McLaren 600LT Coupe, the British carmaker is now introducing a version that lets its passengers enjoy the thrill of an...
by - January 25, 2019
German carmaker Volkswagen is now making the latest evolution of the new Volkswagen Golf GTI -- the new Golf GTI TCR. First unveiled as a concept at the annual GTI...
by - January 24, 2019
It has been three and a half years since BMW unveiled the sixth generation of the BMW 7 Series. Thus, it is really about to give the 7 Series a...
by - January 17, 2019