Japanese car makers cut further

Japanese car manufacturers announced they will further reduce mainland production and indicated that cuts may grow more severe as anti-Japanese sentiment rises in China and demand flags, Bloomberg reported. Nissan Motor (7201.TYO) will stop production in China starting today, three days ahead of their previous plans, until October 8 on falling demand, the company said. Toyota Motor (TM.NYSE, 7203.TYO, TYT.LON, TOM.FRA) said Wednesday that it will halt production at its Guangzhou and Tianjin factories starting Thursday and at its Sichuan factory on Saturday, with all to resume October 8. Output for Nissan, Toyota and Honda Motor (HMC.NYSE, 7267.TY0) fell in August compared to the same period a year ago. Officials at Japanese car makers indicated output is likely to decline further in September. The Chinese will purchase more German cars than Japanese cars for the first time in seven years, according to China’s Passenger Car Association.