Nissan’s Le Cost Killer Stirs Fear in Mitsubishi Motors TownBy and
Flagship plant and suppliers brace for possible job reductions
The worst scenario: ‘lots of unemployed in the streets’
Investors cheered when Nissan Motor Co. Chief Executive Carlos Ghosn announced in May that his company would acquire a 34 percent stake of scandal-tainted Mitsubishi Motors Corp. as part of an expanded strategic partnership. The reaction has been far less buoyant in Mizushima, an industrial town in southern Japan that’s home to Mitsubishi’s flagship assembly plant.
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