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27/06/2008 16:30. “anese automakers, while faring better than American rivals General Motors Corp. or Ford Motor Co., are all struggling to maintain profits amid a stronger” // Tehran Times

26/06/2008 17:16. Nissan chief says price hikes likely in Japan amid soaring material costs

YOKOHAMA, Japan June 25, 2008; Yuri Kageyama writing for the AP reported that Nissan Motor Co., Japan's third-biggest automaker, will likely raise prices for its vehicles in the Asian nation as soaring prices for steel and other raw materials boost production costs, Chief Executive Carlos Ghosn said Wednesday.

Ghosn, speaking to reporters after a shareholders meeting, said price increases were probably inevitable in Japan, following those already announced in the U.S. and Europe. He said Nissan may have to raise their prices 2 percent or 3 percent.

He predicted that all Japanese automakers would be forced to raise prices, especially as steel costs are expected to keep climbing -- although it would be hard for... // Autochannel

Total: 24 news articles, 1 photos
First News Article: Reuters, 25/06/2008 14:39