Toyota and Nissan Close Factories in China

September 26th, 2012

Via: CNBC:

Shares of both Toyota Motor and Nissan Motor fell 3 percent in Tokyo trading on Wednesday on news the automakers will halt production at plants in China in the wake of the worst anti-Japan protests in decades.

While the development has heightened concerns about the impact of the rift on Japanese businesses, analysts CNBC spoke to maintain that the repercussions are likely temporary and it’s too early to be concerned about the automakers.

Nissan (Tokyo Stock Exchange: 7201.T)on Wednesday said it was extending its production closure during the China Golden Week national holiday-scheduled for next week-by three days, starting on Thursday. After the close of Tokyo markets, Toyota (Tokyo Stock Exchange: 7203.T)also confirmed reports that it would suspend output at two Chinese joint ventures from Wednesday through to the end of next week.

Posted in Economy | Top Of Page

One Response to “Toyota and Nissan Close Factories in China”

  1. Noble says:
    September 28, 2012 at 6:19 am

    Kevin,

    I’d love to hear a bit of the rationale behind you posting this story. Do you think China is on the wane at all? Or is it an example of saber-rattling?

    No agenda, just curious.

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