Daimler-Chrysler merger worries Japan: can auto makers survive global competition without consolidating?
Article Abstract:
Members of the Japanese automobile industry expressed concern over the the merger between Daimler-Benz AG and Chrysler Corp. The merger can affect the competitiveness of Japanese automobiles in the European and North American markets. Japan's auto industry has been reeling from the Asian currency crisis which saw auto sales drop and cut into the profitability of many big Japanese automakers, such as Nissan and Mitsubishi. Nissan's debt load amounted to 3.84 tril yen as of Mar 31, 1997, while Mitsubishi's debt amounted to 1.71 tril yen. Mergers between large automobile firms can effect a consolidation phase among the 11 members of Japan's auto industry.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Geared up for an uphill ride: Nissan shares may drive around Asia's potholes
Article Abstract:
Nissan Motor stocks have plunged enough for investors to issue a buy evaluation of the company's stocks. Investment advisers maintain that the company has already taken measures as cost cutting and streamlining that would eventually result in the company's comeback between 1998 and 2000. Nissan shares traded at just 511 yen on the third week of Jan 1997 and Enda Clarke, analyst with Dresdner Kleinwort Benson in Tokyo, maintains that things are looking up for the company.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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