Nissan cuts US production
SMYRNA, Tennessee - Nissan is cutting back 15,000 units of production of its US-built vehicles: Sentra, 200SX, Altima and Frontier pickup.
The plant has already cut six days of production from its schedule for this quarter.
Jerry Benefield, Nissan Motor Manufacturing Corp. USA CEO, said the company is also adjusting line speeds to reduce production.
'We still have a lot of inventory,' Benefield said. More than 200,000 units were unsold last month, many of them Sentra models.
Kia's US sales arm still in business
LOS ANGELES - Until told otherwise, Kia Motors' US sales arm will conduct business as usual.
Kia Motors America executives are not worried by the parent company being placed into receivership, a spokesman said. 'We'll keep doing what we've been doing. We'll keep opening dealers in a methodical manner, and keep selling cars at a solid pace,' said Kia spokesman Geno Effler. 'If we can determine anything, it is that Kia is going to remain a viable global car company. The question is just who's going to control and own it.'