| Japanese car manufacturer Nissan Motor Co. is to reduce production at two of its four domestic assembly plants following a slump in demand.
As a result of the downturn in demand, one of two production lines at its Oppama plant is operating only one eight hour shift as opposed to its usual two shifts. At its Tochigi plant, Nissan has reduced the working time of one of its assembly lines by an hour.
Nisan had foreseen a decline in sales performance, which in April saw a 29.6% drop in production on a year-on-year comparison.
Meanwhile, Toyota, the leading Japanese car maker, and Nissans biggest domestic rival, experienced an eighth consecutive rise in monthly year-on-year comparisons, achieving a gain in production of 8.4%.
Following a recent revival in Nissans fortunes beginning in 2000, the company appears to be approaching more challenging times after posting a fourth successive decline in monthly production, prompting analysts to suggest a more unpredictable future for the company.
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Source: Datamonitor
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