Nissan Motor’s chief operating officer has said he isn’t concerned about a possible drop in vehicle demand in the US and Europe, despite the growing risk of an economic slowdown.
“Nissan has no intention of changing its view on demand in the US and Europe,” Toshiyuki Shiga was quoted by Dow Jones as saying at a media briefing held by the Japan Automobile Manufacturers Association. Shiga is also chairman of the association.
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He acknowledged there are some cautious views about the outlook for the US auto market, but such caution “isn’t felt at sales dealerships”.
Japanese car dealers are still short of vehicles with some customers waiting, as the 11 March disasters in northeast Japan disrupted global parts supply chains and vehicle production.
Shiga also said that even as the yen remains strong, re-established parts supplies will help vehicle exports in the short term. But in the long term, the yen’s strength could curb vehicle exports and prompt carmakers to move domestic production abroad.
