Nissan keeps pay-cut option in bid to slash labor costs

Article Abstract:

Nissan Motor Co. is studying options on how to lower its labor expenses. The company is not proposing any reduction in pay, although it is being kept open as an alternative.

Financial management

As profit declines, Toyota is facing tough choices

Article Abstract:

Toyota Motor Corp. posted a 8.8% decline in its pretax profit for the first half period ending on September 30, 1998. The decline means that the company faces difficult choices. Toyota must decide whether or not to raise the number of exports to strong markets at the risk of producing trade tensions. For the period, Toyota posted 408.43 billion yen ($3.41 billion) in consolidated pretax profits. This was a fall from 447.81 billion yen during the same period in 1997.

Comment:

Posts 8.8% decline in its pretax profit for the first half period ending on September 30, 1998

Abstract, Toyota Motor Corp.

Nissan reports six-month loss; Renault pushes to revamp car maker

Article Abstract:

Nissan lost 323.5 billion yen from Apr 1-Sep 30, 1999. This loss was due to restructuring losses rather than operational losses. This loss was worse than industry analysts expected and was one of the highest losses in Japanese business history.

Motor vehicles and car bodies, France, Motor Vehicles, Automobile and Light Duty Motor Vehicle Manufacturing, Statistical Data Included, Management, Automobile industry, Regie Nationale des Usines Renault, Company Profile