Nissan Motor Co. will reduce car exports...

Nissan Motor Co. will reduce car exports to the United States to ease pressure from mounting inventories, officials of Japan’s No. 2 car maker said. Japanese press reports, which Nissan officials called speculative, said the company will cut shipments of passenger cars about 30% to 200,000 in the April-September period. According to U.S. industry estimates, Nissan had about 155 days’ worth of inventories in the United States at the beginning of March, well above the 70-day average for Japanese car makers as a whole. Nissan attributes its U.S. sales slump to model changes planned later this year, saying consumers tend to refrain from buying cars scheduled for major changes.