Subscribe free to our newsletters via your
. Space Industry and Business News .




CAR TECH
Nissan says struggling to satisfy China growth
by Staff Writers
Tokyo (AFP) Nov 21, 2013


The new executive in charge of Nissan's key China business said Thursday that the number-two Japanese automaker was struggling to catch up with soaring sales in the world's biggest vehicle market.

Nissan, part-owned by France's Renault, took a huge hit last year when a Tokyo-Beijing territorial dispute set off riots in China and a consumer boycott of Japanese brands.

Nissan, which depends on China for about one-quarter of its global sales, saw demand plummet and has since been trying to scratch back to its pre-boycott 7.7 percent market share.

Hiroto Saikawa, who was appointed head of Nissan's China operations after a management shakeup this month, said the firm was on its way back, but was struggling to catch up in a market that grew 20 percent last month from a year ago.

"Last month, we were at 6.2 percent market share. If the pace continues, we will be above 7.0 percent in the last quarter of 2013," he told AFP on the sidelines of the Tokyo Motor Show.

"But the growth of the market has been much faster than what we anticipated."

Before the long-running dispute over an East China Sea archipelago flared anew last year, Nissan was opening 40 to 50 new dealerships in China a year but it had to slam the brakes on that growth as sales dived, Saikawa said.

With recent data suggesting the world's second-largest economy was on a stable footing, the Nissan executive said the automaker's plants in China were now running at full steam as its rebuilds its dealer network.

"The economy is so stable and the growth in demand is so solid that, last month, the market expanded 20 percent from a year ago," Saikawa said.

"There is no way we can even produce that many cars. Our production is now almost at full capacity."

Nissan, which has three plants in China with a local partner and plans for another factory to open in 2014, expects to sell about 1.27 million vehicles in the country this year.

Some 19.31 million vehicles were sold in China last year, and experts are forecasting sizzling growth until at least 2020.

.


Related Links
Car Technology at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








CAR TECH
Toyota strikes first-ever hybrid parts sharing deal in China
Tokyo (AFP) Nov 21, 2013
Toyota said Thursday it plans to develop components for hybrid vehicles with two Chinese automakers, in an unprecedented technology-sharing deal aimed at boosting green car sales in the world's largest vehicle market. The Japanese giant is already assembling hybrids in China with First Automobile Works and Guangzhou Automobile Group, the third- and sixth-ranked Chinese car manufacturers resp ... read more


CAR TECH
Raytheon awarded US Navy contract for radar production

UNH scientists document, quantify deep-space radiation hazards

Bayanat Airports And Lockheed To Deploy Windtracer Lidar In Middle East

Czech gold deposits make foreign prospectors drool

CAR TECH
Manpack Radios in Arctic Connect with MUOS Satellites Orbiting Equator

Self-correcting crystal may unleash the next generation of advanced communications

Northrop Grumman Receives Contract to Sustain Joint STARS Fleet

Raytheon expands international footprint of electronic warfare capability

CAR TECH
NASA Commercial Crew Partner SpaceX Achieves Milestone in Safety Review

ASTRA 5B lands in French Guiana for its upcoming Ariane 5 flight

Kazakhstan say Baikonur launch site may be open to Western countries

ESA Swarm launch postponed

CAR TECH
Russia to enforce GLONASS Over GPS

How pigeons may smell their way home

UK conservationists using location-based system ManagePlaces

A Better Way to Track Your Every Move

CAR TECH
Poly Technologies takes delivery of 4 Mi-171 helicopters

British launch big drive in Emirates to see Typhoon jets

Boeing Selects Business Jet for Maritime Surveillance Program

NASA, Boeing Finish Tests of 757 Vertical Tail With Advanced Technology

CAR TECH
Virtual Toothpick Helps Technologist 'Bake' the Perfect Thin-Film Confection

New way to dissolve semiconductors holds promise for electronics industry

Accidental discovery dramatically improves electrical conductivity

Super-thin membranes clear the way for chip-sized pumps

CAR TECH
NASA Helps Melt Secrets of Great Lakes Ice

Scientists nearing forecasts of long-lived wildfires

NASA Damage Map Helps in Typhoon Disaster Response

UMD, Google and gov. create first detailed map of global forest change

CAR TECH
Madrid street-sweepers call off strike: union

Everyday chemical exposure linked to preterm births

Albania refuses to host Syria arsenal destruction

Protests grow in Albania against Syria weapons destruction




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement