Printer Friendly

NISSAN ANNOUNCES $2.35 BILLION PROCURED IN U.S. AUTO PARTS DURING 1992

 TORRANCE, Calif., June 1 /PRNewswire/ -- Nissan today announced that it purchased a total of $2.35 billion worth of U.S.-made auto parts and materials during the 1992 fiscal year which ended in March. This represents a 65-percent increase over last fiscal year's purchases of $1.42 billion, and a 300-percent increase since 1988, when Nissan purchased $860 million worth of U.S. parts and materials.
 The $2.35 billion total includes purchases of American-made parts for the Nissan Altima, Sentra, and Pickup built at Nissan Motor Manufacturing Corporation U.S.A. (NMMC) in Smyrna, Tenn. It also includes parts and materials exported to Japan. Nissan is now working with over 450 American suppliers.
 "Our 1992 purchases from over 450 U.S. suppliers demonstrate that Nissan is committed to building successful relationships with U.S. suppliers," said Haruo Ohno, president of Nissan North America.
 Nissan voluntarily announced in January 1992 a purchasing goal of $3.7 billion worth of U.S. parts and materials by the end of fiscal year 1994.
 Nissan's expansion of U.S. vehicle production has allowed for a substantial increase in U.S. auto parts and materials. Of the vehicles sold in the U.S., 60 percent will be manufactured in America by the end of 1993. This is the first time since Nissan began operations in the U.S. that the majority of vehicles sold here are also being made here.
 This commitment to America means greater opportunities for greater involvement by U.S. suppliers. For example, 98 percent of the steel in Nissan's new Altima sedan comes from U.S. steel mills.
 Design-In Activities Increase
 Efforts by Nissan to develop new parts jointly with U.S. suppliers have also been increasing using Nissan's "design-in" philosophy. This philosophy calls for close participation from supplier companies from the earliest stage of vehicle and part development. Nissan and its suppliers lend technical expertise to each other thereby reducing the time and resources needed to bring a vehicle to market.
 Nissan also has initiated a number of activities to increase procurement of U.S. parts and materials. Nissan has invited U.S. suppliers to Japan to better understand Nissan purchasing criteria in the areas of quality, cost, delivery lead time, and product development capabilities. This year Nissan plans to hold another supplier meeting as well. Nissan's goal is to cultivate long-term business relationships with its suppliers.
 Nissan has also launched a supplier support program to assist in improving productivity and quality during the supplier's production process.
 Presently Nissan engineers at the Nissan Technical Center in Japan and the Nissan Research & Development (NRD) facility in Farmington Hills, Mich., are working with U.S. parts suppliers on the development of some 300 items for future use on Nissan vehicles. These activities, and the expansion of Nissan's purchases from suppliers based in the U.S., are a reflection of Nissan's commitment to America.
 In North America, Nissan's operations include styling, engineering, manufacturing, sales, consumer and corporate finance, and industrial and textile equipment. Nissan employs nearly 10,000 people in the United States and Canada and generates an additional 55,000 jobs through its 1,400 Nissan and Infiniti dealerships located across the continent.
 -0- 6/1/93
 /CONTACT: Fred Standish, 313-393-1893, or Steve Spurgeon, 310-719-3276, both of Nissan/


CO: Nissan North America, Inc. ST: Michigan, California IN: AUT SU:

ML -- DE009 -- 3769 06/01/93 08:17 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 1, 1993
Words:568
Previous Article:BAY AREA MEDICAL FEDERAL CREDIT UNION AND CREDIT UNION ONE FORM 'STRATEGIC PARTNERSHIP'
Next Article:LITTLE CAESARS PIZZA ADDS SPAGHETTI TO ITS MENU
Topics:


Related Articles
NISSAN TO INCREASE PURCHASES OF U.S. PARTS TO $3.3 BILLION
TRADE BILL H.R. 5100 IS STEP IN WRONG DIRECTION, JAMA SAYS
NISSAN TAKES DELIVERY OF GM ENGINE BLOCKS
NISSAN ANNOUNCES PRICING ON 1994 MODELS
NISSAN NORTH AMERICA VICE PRESIDENT RESPONDS TO ECONOMIC POLICY INSTITUTE STUDY
JAPAN TRYING TO DIVERT ATTENTION FROM REAL TRADE PROBLEMS U.S. AUTO OFFICIAL SAYS
NISSAN INCREASES U.S. PARTS AND MATERIALS PURCHASES BY 56 PERCENT
NISSAN'S LOCAL U.S. AUTO PARTS PURCHASES UP 15 PERCENT
Nissan outsources part of assembly to U.S., French firms.
Nissan, Renault to raise joint parts procurement.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters