The struggling US auto industry is likely to show the first signs of a recovery in a year“s time, as projected sales around 10 million units a year are “unsustainably” low, Nippon Sheet Glass preside…
The struggling US auto industry is likely to show the first signs of a recovery in a year“s time, as projected sales around 10 million units a year are “unsustainably” low, Nippon Sheet Glass president and group chief executive Stuart Chambers said 2 March 2009. Although the turnaround in Japan may not come until six months after that, major domestic car manufacturers expect to finish destocking by around April, meaning Nippon Sheet Glass“ output will likely start recovering from May, he said. He said that the group, which acquired UK glass manufacturer Pilkington PLC in 2006 for JPY 386 billion, does not expect to make any further acquisitions over the next two years.