Nissan may become the latest casualty of the auto industry crisis in the event of a financial collapse. As reported by AFP, the Japanese automaker expressed fears of a possible issue for its operations in North America.
Wired PR News.com – As quoted in the AFP report of Robert Sump, the company’s vice president of components engineering for North America “We made the decision a long time ago to source components with local (American) suppliers to ease impact from fluctuations in the value of the yen… To the degree suppliers’ cash flow is impacted by what happens at GM or Chrysler, we would be affected.”
Many continue to await the decision of a skeptical Congress on whether to grant Chrysler, Ford, or General Motors bailout assistance. Vice president of communication for Nissan, Alan Buddendeck, was also quoted in the report as commenting during a press conference “everyone is watching what happens in Washington… Clearly we have an interest in seeing a healthy auto industry in the US.”
Photo Credit: Stu pendousmat