Word: nissan
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Officer Jimmy McCarthy stopped the Nissan 240sx around 4:40 p.m. near Au Bon Pain after he noticed it driving erratically down Holyoke...
...more competitive fields, the mighty yen has had the effect of making Japanese companies sharpen their edge by trimming payrolls and shifting work abroad. In the past two years, for example, Nissan has closed an assembly plant near Tokyo and eliminated 5,000 jobs, or 7.5% of its Japanese work force. "They just responded by becoming more efficient,'' says Geoffrey Barker, chief of research at the Smith New Court Securities firm in Tokyo...
...though France's giant Total has recently pulled out--and Unilever, the British-Dutch giant, produces toiletries and detergents for the domestic Cuban market. Italy's Benetton now boasts five retail stores on the island, and plans three more by the end of 1996, while Japanese automakers Mitsubishi and Nissan are now sold in Havana...
...problem is that crisis-weary Mexicans are already staggering under the twin blows of layoffs and an inflation rate that could top 30% in 1995. Nissan and Volkswagen both plan more than 1,000 job cuts this month, while entertainment giant Televisa has dismissed 1,500 employees, or 6% of its work force, since December. ``Most people prefer to buy food rather than cigarettes,'' says Consuelo Docal de Rojas, who owns a struggling candy and tobacco shop in Mexico City and rents out apartments above the store. ``People can't scrape up cash to cover even necessities.'' At the same...
...Japan's 17,423 dealer showrooms have exclusive ties to a sole Japanese carmaker. But the recession has put an unprecedented 41% of Japan's dealerships into the red. Some of the dealers believe adding foreign cars to their lineup can help bail them out. Says Atsushi Horigome, a Nissan dealer who now also sells Fords: "We'll never sell Toyotas, but there is definitely a move to diversify. Consumers want variety...