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Nissan slashes forecasts after Sino-Japanese fallout

7 Nov 2012 12:00 AM | Anonymous

Car giant Nissan have slashed their full-year profits by a fifth from the diplomatic conflict surrounding China and Japan over territory in the East China Sea.

Demand for Japanese products in China has fallen after goods have been boycotted, sales of cars from Honda, Toyota and Nissan have all fallen.

Nissan has the most to potentially lose from the on-going land debate with 27 percent of vehicle sales coming from within China.

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