Business

Nissan to halt car production in PH

Nissan Motor Philippines will stop manufacturing cars in the Philippines beginning March as part of efforts to ensure efficient business operations in the region in the face of falling sales which dented its profitability.

“Nissan in the Philippines, together with its vehicle assembly partner, Univation Motor Philippines Inc. (UMPI), have made the decision to cease production operations for the Nissan Almera in the Santa Rosa plant in the Philippines, effective March 2021,” the Japanese auto maker said in a statement.

The closure, which will affect around 133 employees, is part of a plan for production optimization and restructuring of business operations.

Nissan said its marketing and distribution network would continue to sell units imported from Japan and Thailand.

“Nissan remains committed to its investments in the Philippines. The company will continue to contribute to the growth of the Philippine automotive industry through its innovative products and excellent services, as well as its dealer expansion nationwide,” the vehicle maker said.

It is the third car manufacturer to cease assembly operations in the Philippines. Honda and Isuzu ended their productions operations last year.

0 0 votes
Article Rating
Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x