Nissan Slams Output Cut Report as ‘Completely Incorrect’

Nissan Slams Output Cut Report as ‘Completely Incorrect’
Nissan senior vice president Asako Hoshino (L) and corporate vice president Kinichi Tanuma (R) hold a question and answer session in front of the 2020 model of the Nissan GT-R NISMO at Nissan Crossing, the company's flagship showroom, during a promotional event in Tokyo on April 17 2019. Toshifumi Kitamura/AFP/Getty Images
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Nissan Motor Co. Ltd. stated a report by the Nikkei on April 19, 2019, that it would slash production this year was “completely incorrect” and that it had lodged a complaint with the business daily, in an unusually strong denial of a media report in Japan.

The comment came after the Nikkei, revered in Japan for its business news and known for its market-moving scoops and previews, said Nissan would cut its global production by about 15 percent for the current fiscal year ending March 2020.