Nissan Leads in Japan Spending Cuts, Report Says
By Michelle Krebs November 24, 2008Nissan is among Japan's leaders in capital spending spending cutbacks, the Japanese newspaper Nikkei reported Monday. Nissan said its capital spending will total $4.4 billion in the year ending March 31, 2009. That's 50 billion yen, or 11 percent, less than the forecast Nisan announced on May 13.
Toyota did not revise its 1.4 trillion yen capital-spending plan when it released earnings on Nov. 6.
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