Nissan Motor Headquarters Set To Leave Tokyo

By Agence France-Presse Japanese automaker Nissan Motor Co. Ltd. said it would move its headquarters from downtown Tokyo to Yokohama, a port city south of the Japanese capital. The move should boost the efficiency of Nissan's operations, and Yokohama offers tax incentives for companies moving into its key business development areas, a company spokeswoman said. Nissan, controlled by Renault of France, will transfer at least 2,000 of the 3,000 workers based at its current headquarters to the new headquarters in Yokohama. "Our current facilities in Tokyo have served us well over the years, but the management of our global business will require a more advanced, flexible environment that will allow us to work more efficiently and cross-functionally," Nissan President and CEO Carlos Ghosn said in a statement. Nissan will start building the new headquarters in 2007. The facility is expected to be operational in 2010. Copyright Agence France-Presse, 2004