Nissan Lowers China Sales Target

Nissan Motor Co. said Tuesday it has lowered its sales target for China to 1.27 million vehicles from 1.4 million vehicles amid China’s economic slowdown and increased competition.

In the first 10 months of this year, Nissan reported a just 3.5% increase in its motor vehicle sales in China to 983,500 units.

A Nissan spokesman said that China’s economic slowdown has taken a toll on its commercial vehicle business while its passenger vehicle sales are subject to increasing competition from global rivals.

Nissan sold 1.27 million motor vehicles in China last year, up 17% from a year earlier.

Source: MarketWatch