Nissan CEO Ghosn: Rising Yen Could Force Production Out Of Japan, Electric Cars To Be Built In China

Nissan CEO Ghosn: Rising Yen Could Force Production Out Of Japan, Electric Cars To Be Built In China
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Nissan CEO Carlos Ghosn said that the Japanese government’s effort to keep the yen’s value under control had failed and that Nissan was strongly considering moving production out of Japan and into foreign countries. A weakened United States dollar has meant that the value of the greenback has shifted from 91 yen per dollar to… Continue Reading...

Nissan Cube Pulled From European Market

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Nissan Cube Pulled From European Market
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Nissan‘s Cube has had a lukewarm reception outside its home market of Japan, and sales have been so poor in Europe that Nissan has decided to axe the vehicle entirely. Nissan is citing exchange rate issues between the yen and the euro as the underlying cause, but the dismal sales are likely an equal culprit… Continue Reading...