By on October 22, 2008

The imploding global auto market continues to, uh, implode. The Wall Street Journal reports that Nissan is scaling back worldwide production. Nissan Japan pulled 65k vehicles from its November through March schedule, and sliced 780 “temporary workers” from the payroll. (Little known fact: Japanese companies practice “full employment” by routinely classifying a large percentage of the workforce as temps.) Nissan’s September sales were downaround the globe, off 37 percent in North America, 27 percent in the UK, 23 percent in Spain and 5.5 perfcent in greater Europe. Nissan announced a two-week shutdown of its English Patient, er factory, and lopped 1,680 jobs off its workforce for Barcelona. Not a speck of good news anywhere. Ouch.

Get the latest TTAC e-Newsletter!

2 Comments on “Nissan to Cut Production...”

  • avatar

    So riddle me this. Nissan advertises the Altima as getting 32 mpg, which is the highway rating for the 4 cylinder combined with the 6 speed stick. But when I scan through the Nissan dealer inventories in my greater metro area (about a dozen dealers), not one of them has a 4 cyl./stick Altima in stock.

  • avatar

    Verbal – reminds me of the Saturn Aura commercial. It touts the gas mileage (4 cyl. models in fine print), but then the finance or cash-back offer is only on the 6 cyl. auto.

Read all comments

Back to TopLeave a Reply

You must be logged in to post a comment.

Recent Comments

  • ponchoman49: Funny but the creaky cracked plastics, sagging suspension, slipping transmissions could so easily be...
  • THX1136: @LouBC – Good question. I recall that back in the early years of the 20th Century that there was much...
  • ponchoman49: I would buy the Cutlass. My cousin bought one under my guidance and liked it overall as a good all...
  • ponchoman49: I owned 4 3100 equipped GM’s of this time era and dad had 2. Surprise- we never had to replace a...
  • Luke42: @Inside Looking Out: “What if China refuse to sell US chips during the war?” China would not kill...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber