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Nissan to slash Japanese production in May due to chip shortage -sources

Nissan to slash Japanese production in May due to chip shortage - sources Reuters 1 hr ago By Maki Shiraki © Reuters/Issei Kato FILE PHOTO: The brand logo of Nissan Motor Corp. is displayed during a press preview of the company s new Ariya all-battery SUV in Yokohama By Maki Shiraki TOKYO (Reuters) -Nissan Motor Co will slash production at severalfactories in Japan next month, three sources with direct knowledge of the plan told Reuters on Thursday, in the latest hit to an automaker from a global shortage of semiconductors. Japan s third-largest automaker will idle its factory inKyushu, southern Japan, for eight days between May 10 and 19,the sources said, declining to be identified because the plan isnot public.

U S Safety Agency Investigates Air Bags Made by Takata Successor Joyson

U.S. Safety Agency Investigates Air Bags Made by Takata Successor Joyson By Keith Laing | April 13, 2021 The U.S. National Highway Traffic Safety Administration is investigating potentially faulty air bags made by Joyson Safety Systems, the successor to defunct manufacturer Takata Corp. that is at the center of one of the biggest recalls in history. The agency, according to documents posted on its website, has started an “Open Equipment Query” that covers 256,181 passenger-side replacement air bag cushions manufactured by Joyson. Regulators said the cushions might have been folded incorrectly, which they said could prevent proper deployment. Related: Joyson acquired Takata in 2018. The air bags were used in cars made by automakers including Mercedes-Benz AG, Toyota Motor Corp., General Motors Co., and Nissan Motor Corp. The carmakers that were affected have all initiated recalls of vehicles with the parts.

Tan Chong confident of maintaining market share

Tan Chong expects to maintain its hold on TIV by leveraging off the ongoing tax holiday, as well as the introduction of new vehicles that it anticipates will help boost sales. PETALING JAYA: Despite widening losses for its fourth quarter ended Dec 31,2020, Tan Chong Motor Holdings Bhd (TCM) remains optimistic about maintaining its 3% total industry volume (TIV) market share for this year. The group expects to maintain its hold on TIV by leveraging off the ongoing tax holiday, as well as the introduction of new vehicles that it anticipates will help boost sales. CGS-CIMB in a report yesterday said the group is aiming to maintain its domestic market share at approximately 3% of TIV in 2021, driven by new models such as the Nissan Almera and Navara pick-up truck.

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