Nissan Production Shutdown Delivers Fresh Blow to Japan Inc. [Bloomberg Business News]
NISSAN MOTOR LTD S/ADR (NSANY)
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Source: Bloomberg Business News
Nissan Motor Co. will suspend Japanese production of vehicles for local sale, marking a deepening of the carmaker’s quality-inspection debacle and delivering another blow to the nation’s scandal-plagued manufacturing industry. Nissan will halt output for about two weeks at six plants that produce an average of 1,000 vehicles a day for the Japanese market, while it further investigates how unauthorized workers came to certify the quality of vehicles. The production of models for export will continue, the carmaker said at a briefing in Yokohama Thursday. The shutdown represents another headache for Chief Executive Officer Hiroto Saikawa, who took over from Carlos Ghosn just six months ago and has personally pledged to get to the bottom of the lapses. It comes as Japan Inc. is already reeling from a scandal at Kobe Steel Ltd. , which said Oct. 8 it falsified data on the durability of some products -- an admission that’s reverberating through manufacturers of cars, pl
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