Economy

Nissan to suspend domestic production of cars for Japan market

Nissan to suspend domestic production of cars for Japan market”

The recurring problem revolves the continued final inspection and certification of vehicles being performed by individuals who are not authorized by Nissan to complete these final checks.

Nissan has halted production at all its Japan plants after it emerged vehicles rolling off the lines were being checked for quality by uncertified staff. Saikawa told reporters October 2 that the automaker had made changes to ensure only qualified employees could perform inspections.

Nissan will suspend all local auto production for Japan from Thursday for about two weeks as the company's fallout from a lapse in vehicle quality inspection worsens.

"The existing management's responsibility now is to prevent recurrence and to normalize operation, and put the company back on growth track", Saikawa said during a press conference at Nissan's Yokohama headquarters. "From my point of view, if I see any mistakes I'd like to take drastic measures".

Japan's Nissan Motor Co. said on Thursday that it will suspend shipment of new cars from all of its domestic plants for two weeks after it found out that flawed inspection still carried on after it apologized for the malpractice earlier this month.

He added it appeared that a focus on increasing the efficiency of the inspection process had contributed to the issue, while poor communication between plant managers and foremen also may have been a factor.

At 1415 GMT, shares in Nissan's alliance partner Renault were down 2.3 percent at 84.36 euros.

An external team that's also investigating the lapses found that some plants had transferred final vehicle checks to other lines.

Saikawa apologized on October 2 and said the company had begun an internal probe into the malpractice and checks were "100 percent being conducted by qualified inspectors from September 20". He then was assigned to turn around Nissan, where he reduced the company's purchasing costs, shut five factories, eliminated 21,000 jobs and invested the savings back into 22 vehicle and truck models in three years. A crisis was averted after the French government pledged not to interfere in Nissan's governance.



Like this

Latest


19 October 2017
White Ex-Cop Guilty of Shooting Daughter's Black Boyfriend
But ultimately a fourth jury found Kepler guilty of the lesser charge after six hours of deliberation. When Kepler saw the couple, he got out of his vehicle and asked Lisa what she was doing there.

19 October 2017
Must Watch Stock: Royal Dutch Shell plc (RDS-A)
The RSI, or Relative Strength Index, is a commonly used technical momentum indicator that compares price movement over time. Technical traders may also be interested in looking at the indicator levels on shares of Royal Dutch Shell Plc (RDS.A).

19 October 2017
What Is Insider Trading Activity Like At Wynn Resorts, Limited (WYNN)?
Since June 1, 2017, it had 0 insider purchases, and 1 insider sale for $62,800 activity. (QFG), Scents of Worth, Inc. (NYSE:PM). In related news, President Matt Maddox sold 42,900 shares of the business's stock in a transaction on Friday, September 15th.

19 October 2017
Grove Bank & Trust Has $2 Million Position in Verizon Communications Inc. (VZ)
Analysts are predicting the earnings to slide down to $3.782 in the three year's time from previous levels of around $3.903. Looking ahead, VZ reiterated its previously announced 2017 outlook for flat consolidated revenues on an organic basis.

19 October 2017
Nike, Inc. (NKE) Rating Reiterated by Citigroup Inc
Bartlett & Co who had been investing in Nike Inc . for a number of months, seems to be bullish on the $84.90B market cap company. Following the completion of the transaction, the director now owns 25,660 shares of the company's stock, valued at $1,371,527.

19 October 2017
Jaipur and Srinagar airports top list in small aerodromes
In 2014 it stepped up its position to No. 1 rank in the 25-40 MPPA category and retained the rank in 2015 with a score of 4.96 in ASQ survey.

19 October 2017
CVS Health Corporation (CVS) Shares Bought by Westchester Capital Management Inc
Sass decreased its stake in Cvs Health Corp ( CVS ) by 14.73% based on its latest 2017Q2 regulatory filing with the SEC. The Massachusetts-based Acadian Asset Ltd Limited Liability Company has invested 0.01% in CVS Health Corp (NYSE: CVS ).

19 October 2017
Key is not to touch veto: United States envoy to UN
"So, the key to getting India on the Security Council would have to be not to touch the veto", Ms Haley said. Diplomats concede the two countries together did indeed not seem open to reforms.

19 October 2017
Duterte declares Marawi freed from Maute terrorists
More than 1,000 people have been killed, including at least 847 militants, according to the military. There were still 22 hostages left along with 39 relatives of the militants, they added.

19 October 2017
'Totally fabricated': Trump disputes congresswoman's depiction of his exchange with soldier's widow
The serviceman's mother, Cowanda Jones-Johnson, told The Associated Press Wednesday that the congresswoman's account was correct. Frederica Wilson's conduct regarding President Donald Trump's call with Myeshia Johnson , the widow of Sgt.



Recommended