Nissan Motors

Nissan lowers loss forecast for year on China sales

Nissan MotorTokyo  - Nissan Motor Co, Japan's third-largest carmaker, on Wednesday lowered the losses it expected for the current fiscal year as rising sales in China helped offset falling revenues from Europe and the United States.

It said it expected to be 40 billion yen (443 million dollars) in the red for the year ending March 31, compared with a previous forecast of a 170-billion-yen loss.

Aggressive cost cutting also helped its bottom line, Nissan said, allowing it to reverse its initial projected operating loss of 100 billion yen to an operating profit of 120 billion yen for the year. Last year, it saw an operating loss of 137.9 billion yen.

Nissan reveals sketch of its compact car

Chennai, Oct 1 :Japanese auto major Nissan Motors Thursday unveiled the first sketch of its global compact car to be manufactured in five countries including India.

"We are serious and committed in our plans for India, and are all excited as we gear up to start production in May 2010," said Kiminobu Tokuyama, managing director and chief executive of Nissan Motor India.

Recently, the US auto giant Ford Motor unveiled its small car Figo that will be manufactured in its Chennai plant.

Nissan will roll out three different variants of its hatchback and sedan models, as well as a multipurpose vehicle (MPV), from five plants across the world.

Nissan to launch sports car Z370 in India in 2010

Nissan to launch sports car Z370 in India in 2010Nissan Motor has decided to launch its new sports sedan named 'Z370' in India in coming fiscal as part of its strategy to provide more versions to the Indian customers.

The sources informed that the conglomerate will also introduce its small car Micra hatchback on new platform in fiscal 2010 in the Indian market.

Micra will come out with three models of petrol and diesel.

Representatives of Nissan Motor stated in a communiqué that Rs 5 lakh would be the price range of Micra.

Nissan suffers net loss of 170 million dollars in April-June period

Nissan suffers net loss of 170 million dollars in April-June periodTokyo - Nissan Motor Co suffered a net loss of 16.5 billion yen (170 million dollars) in the April-June quarter, a turnaround from a profit of 52.8 billion yen during the same period a year earlier, the firm said Wednesday.

Operating profit plunged 85.5 per cent to 11.6 billion yen and sales fell 35.5 per cent to 1.51 trillion yen in the three-month period.

Nissan sold 723,000 units worldwide in the first quarter, down 22.8 per cent from the year before.

Japanese auto giant Nissan to create electric cars in UK

NissanJapanese auto giant Nissan is expected to announce a huge investment in its UK factory in Sunderland to boost the production of green cars.

Nissan plans to launch electric cars in the US and Japan from next year.

Nissan's current move would secure as many as 4,000 jobs.

Business secretary Lord Mandelson, who plans a "green revolution", is expected to visit firm's plant and enlighten workers regarding plans to create a low-carbon economic area via electric cars.

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