Nissan Invades Britain
The British car industry, wracked by high costs and low sales, will now have to contend with a newcomer, Nissan, and its efficient business practices. The Japanese firm hopes its Sunderland, England-based factory will develop into a full-scale operation building 100,000 units a year with 80% local content. At first, though, the factory will assemble about 24,000 cars a year from imported parts.
Japanese Car Price Rise
In a move to offset the weakening of the dollar against the yen, most Japanese auto makers have raised new car prices. It is not yet clear whether the move would result in increased sticker costs to the consumer, as it is felt many dealers would absorb the increase through a reduction of the premiums they charge on the more…
