Vince Pornelos / weibo.com/u/2283406765 | October 10, 2012 14:11
Due to violent protests and boycotts
Three of the major Japanese automakers that have set up manufacturing facilities in China have reportedly reduced production by almost 50% due to the widespread boycotts and street violence stemming from anti-Japan sentiments.
In a report from Nikkei news (via Autonews.com), Toyota, Honda and Nissan have reduced or are about to reduce the shifts and hours at their respective plants in China. Sales are reportedly plummeting in the wake of violent protests against Japanese companies due to a dispute over a group of islands owned by Japan; islands which the Chinese government claims as their own.
The automakers and their representatives are still verifying the report from Nikkei as the news agency did not cite a source, but said that the three automakers have cut shifts and working hours.
Chinese protesters have been actively and violently vandalizing the shops, dealers or any business owned by Japanese companies. Chinese auto sales have been rising rapidly in the past few years. While Japanese auto sales in China have declined, sales by Hyundai, Audi, BMW and Mercedes-Benz sales have all increased.
SOURCE: Nikkei via Autonews.com