Nissan is planning to shift the balance of its production and support functions towards dollar-linked economies, including the US and China, to protect itself against currency volatility, the Japanese carmaker’s chief executive has said.
Carlos Ghosn, CEO of Nissan and its French partner Renault, told the Financial Times that they wanted to correct a “big imbalance” in costs and revenues caused by producing cars in Japan to sell in the US and dollar-linked economies in Asia.
“What we [want] to do is shift more of our cost from a yen base to a dollar base,” he said. That would not mean closing down facilities in Japan, he added, but that the company could not expand there.