Nissan to move HQ out of Tokyo in 2010

Newswire

TOKYO, June 24 (Reuters) - Nissan Motor Co Ltd , Japan's second-largest auto maker, said on Thursday that it would spend 45 billion yen ($415 million) to build a new headquarters in Yokohama, a port city south of Tokyo, by 2010. Nissan, which posted record operating profits last year, declined to disclose how much it would save by relocating to Yokohama, 30 minutes from Tokyo by train, but said the municipal government had pledged tax breaks. "Moving our global and domestic operations ...

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