Toyota, Nissan trim China output in wake of protests: Media
Published on Sep 26, 2012 10:59 AM
TOKYO (REUTERS) - Toyota Motor and Nissan Motor are curtailing production in China following the worst anti-Japan protests in decades, company officials and media reported on Wednesday, putting Toyota's 1 million-unit China sales target at risk.
Lingering resentment in China may hurt demand for Japanese cars, consumer electronics and other goods at a time when slowing growth in Asia's biggest economy in the wake of Europe's debt crisis may weigh on overall consumer spending.
China's economy grew at its slowest pace in more than three years in the second quarter. A factory survey in August showed China's manufacturing sector contracted at its sharpest pace in nine months.
Reports of the auto closure details varied, but the Asahi newspaper said Toyota will completely halt China production in October and stop all exports to China from Japan.
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