Nissan U.S. Unit to Close for 2 Days amid Sales Slump

Economy

New York, Dec. 5 (Jiji Press)--A U.S. unit of Japanese automaker Nissan Motor Co. <7201> will suspend all operations in the United States on Jan. 2-3, including at the headquarters and plants, in a bid to cut costs amid a sales slump, it was learned Thursday.

An official of Nissan North America Inc. said the suspension is designed to improve its earnings performance and competitiveness.

The U.S. arm expects no impact on its dealerships, the official said.

Nissan's new auto sales in the United States in November dropped 15.9 pct from a year before to 92,947 units, down for the third consecutive month, the company said Tuesday.

U.S. magazine Automotive News reported in its digital edition on Wednesday that the closure is part of the firm's measures to reduce costs amid a deteriorating performance.

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Jiji Press