Manila, Jan. 21 -- Department of Trade and Industry (DTI) Secretary Ramon Lopez bared on Thursday that his office received a letter from Nissan Philippines announcing the shutdown of its assembly plant in the country.
"The announcement of Nissan to close their assembly operations in the country is regrettable, as these developments all the more demonstrate the critical situation of the local motor vehicle industry," Lopez said in a statement.
Nissan assembles its Almera model in the Philippines.
Some 133 workers are employed in the production facility.
"The stoppage of Almera's assembly operations, following closely that of Honda and Isuzu, only highlights that the local auto assembly industry is critically impacted by the surge in impo...