Monday, January 31, 2011

Nissan shuts Egyptian plant, Moody's cuts rating

Japan’s Nissan said it has closed its factory in Egypt for at least a week because of the anti-government protests there. The plant, which assembles mostly four-wheel-drive vehicles, is in Giza, near Cairo.

Because of the unrest a number of Japanese firms have postponed business trips by their employees to Egypt, as well as Jordan and Yemen following advisaries from Japan’s foreign ministry. (Euronews)


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