17 February 2020

Nissan sees weaker China sales growth this year, WSJ says

Nissan Motor Co. expects slower sales growth in China this year compared to its Japanese rivals, as the automaker grapples with weak demand for commercial vehicles and heightened competition, the Wall Street Journal reported Tuesday. A company spokesman was quoted as saying that light commercial vehicle sales are expected to slow due to China’s cooling economy. Nissan has a much greater presence than the other Japanese companies in such vehicles, which are primarily used in building and construction. “Given the macroeconomic conditions, we expect the sales of pickups and light trucks could continue to slow down this year,” the spokesman said.

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