Nissan Cuts Its Output

Article Excerpt

NISSAN MOTOR CO. $7.03 (Nasdaq symbol NSANY; SI Rating: Above-Average) (310-771-3111; www.nissanmotors.com; Shares outstanding: 2.3 billion; Market cap: $15.9 billion) plans to reduce production in Japan by 78,000 vehicles in the first quarter of 2009. The company will cut production by slowing production lines, implementing one-day shutdowns and cutting shifts. The cuts will keep inventory levels low, so Nissan can sell its vehicles without costly incentives. Nissan is well positioned to profit when vehicle markets recover. Nissan Motor is still a buy. buy…