Nissan to sell Tokyo building
Article Abstract:
Nissan Motor Corp. will sell one of its headquarters building in Tokyo, Japan, to Mori Building Sangyo Co. and Mori Building Development Co., for 14.65 billion yen (US$107.8 million). The sale of the 23,600-sq-m building to the well-known Mori real-estate companies will include the building lot. Nissan, which intends to sublease space in the building after the sale, said the sale is part of a global restructuring plan announced in May 1998, that includes reduction of inventories, nonessential assets and real estate holdings to improve the company's financial situation.
Comment:
Will acquire w/ Mori Building Sangyo Co, Nissan Motor Corp's bldg in Tokyo, Japan, for 14.65 bil yen (US$107.8 mil)
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Toyota unit drives toward fresher image
Article Abstract:
Toyota Motor Corp. President Hiroshi Okuda has created a new division, Virtual Venture, to focus on the young Japanese market. Toyota's market share among the 20s demographic is close to 30%, while the 30s group is estimated at 34% and falling. Toyota controls the 50-and-older market in Japan. The small unit, which began in 1997, now employs 37 young people. It plans to develop cars that would cater to the younger Japanese market as Toyota's market share in Japan dropped to 39% in 1997 from 42% in 1994.
Comment:
Its President Hiroshi Okuda creates a new division, Virtual Venture, to focus on the young Japanese market
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Toyota retools to lift export flexibility
Article Abstract:
Toyota Motor Corp. is revamping its factories throughout the world in order to quickly change to manufacturing exports if domestic markets weaken. Toyota is the number one manufacturer of automobiles in Japan. The company is now planning to protect itself from overseas economic crises in the future by making their plants ready for a quick change to building exports for strong markets. Toyota calls this strategy "global complementation."
Comment:
Revamping factories throughout the world in order to quickly change to manufacturing exports if domestic markets weaken
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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