Nissan to build Asian recreational vehicles<\/p>\n
TOKYO (AFP): Japan's Nissan Motor Co. Ltd. plans to launch
\nproduction and sales of new recreational vehicles in Asia as part
\nof its review of business strategy in the slumped region, a daily
\nreported yesterday.<\/p>\n
Japan's second largest car maker plans to produce and market
\nan \"Asian version\" of new recreational vehicles in Indonesia and
\nThailand starting 2000, the Nihon Keizai Shimbun said.<\/p>\n
Nissan is to invest several billion yen (several million
\ndollars) in each of the countries with total production estimated
\nto reach 50,000 units a year, the business daily said.<\/p>\n
Under the plan, the new vehicles, expected to be modeled after
\nconventional minivans, are to have engine capacity in a range of
\n1,300 cc to 1,800 cc. and will be equipped with limited extra
\naccessories in an effort to lower sales prices for Asian clients,
\nthe newspaper said.<\/p>\n
Nissan plans to expand production and sales of the new
\nvehicles to other Asian economies, including Malaysia, the
\nPhilippines and Thailand, it said.<\/p>\n
Earlier this month, Japan's Honda Motor Co. also said it has
\nbegun assembling its popular sport-utility vehicles in Thailand
\nand the Philippines.<\/p>\n
Honda's manufacturing unit in Thailand started assembly of its
\nCR-V model in late October with knockdown kits shipped from
\nJapan, a Honda spokesman said.<\/p>\n
News reports said annual CR-V output by Honda Cars
\nManufacturing (Thailand) Co. had been set at 2,000, accounting
\nfor about 10 percent of Honda vehicle sales in Thailand.<\/p>\n
Honda Cars Philippines Inc. also started production of CR-V in
\nearly October at an annual rate of 2,000 units, also some 10
\npercent of Honda sales in the Philippines.<\/p>\n
The move to expand operations in Southeast Asia by introducing
\nrecreational vehicles came in sharp contrast to decisions by
\nToyota Motor Corp. and other Japanese carmakers to reduce
\noperations there.<\/p>\n
Toyota, Japan's top carmaker, said in early November it was
\nshutting down production in Thailand until the end of the year
\ndue to a drastic slump in sales as the recession shrinks the
\nlocal market.<\/p>",
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