Nissan Denies Nikkei Report on Global Car Output Cut of 15%
- Automaker was moving away from aggressive expansion campaign
- Nissan issues statement saying details ‘completely incorrect’
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Nissan Motor Co. denied a report by the Nikkei that it’s planning to cut global output by around 15 percent for the fiscal year to March 2020, even as the carmaker struggles to reignite earnings and sales while dealing with the fallout from the arrest of ex-chairman Carlos Ghosn.
Nissan issued a rare response calling the details in the report “completely incorrect,” saying that it lodged a protest with the newspaper over its coverage. The Japanese automaker is seeking to produce around 4.6 million units, the lowest in nine years, according to the newspaper.