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Stock impact report

Nissan Revises US Production Cuts After Tariffs [Barron's]

Moody's Corporation (MCO) 
Last moody's corporation earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.moodys.com/home/default.aspx
Company Research Source: Barrons
The company also said it would stop selling in the US market two vehicle models that are made at a factory in Mexico. Nissan is currently trying to tackle financial difficulties -- including by consolidating production lines at two factories in the United States. But on Friday it said it was tweaking its plans to adapt to Trump's levies, which came into force Thursday. "We will maintain two shifts of production of Nissan Rogue at our Smyrna, Tennessee plant, keeping more localised volume in the US that is free of the new auto tariffs," a Nissan statement said. Also, "we are pausing any additional orders of the INFINITI QX50 and QX55 for the US market produced at the COMPAS plant in Mexico," the statement said. "Production is expected to continue for those models sold in other markets," while "production of other US models in Mexico and Japan continue based on market needs". Nissan added that it "currently has ample inventory at our US retailers that is unaffected by the n Show less Read more
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