Nissan Targeting 10% Market Share in the U.S.

- Nissan Targeting 10% Market Share in the U.S.



Jun 23, 2011

Nissan Motor Co's (PINK:NSANY) CEO Carlos Ghosn said today that the company is aiming to increase its U.S. market share to 10%.

In its fiscal year ended this past March, the company recorded an 8% share of the American market, and in recent months its share has touched 9%.

Mr. Ghosn said in a meeting with journalists at the company's Yokohama headquarters that "It should not be a big stretch" to reach 10%.

He added that new models, the company's electric vehicles, and its strengthening sales network should help it meet that goal "in the first phase of the (six-year) plan" that will be outlined Monday.

Nissan and French company Renault are in talks to invest a combined stake worth more than 50% in the Russian auto company Avtovaz to boost sales in the expanding Russian market. The deal should be concluded "within this year."

The company also now sees less than 10 suppliers struggling to resume production following the disruptions caused by the March 11 earthquake. At the end of March, the company reported 40 troubled suppliers.

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Nissan Could Delay Start of U.S. Leaf Production

- Nissan Could Delay Start of U.S. Leaf Production



Jun 14, 2011

Nissan (PINK:NSANY) may be forced to delay the start of U.S. production of its Leaf electric car due to the disruption caused by March's earthquake in Japan, Hideaki Watanabe, VP in charge of Nissan's global Zero Emission Vehicle business unit, tells the Detroit News. The executive says many timetables have been thrown off by the March 11 quake, but adds that it is too early to estimate how long of a delay there may be for U.S. Leaf production.

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Nissan Leaf wins World Car of the Year

Nissan Leaf wins World Car of the Year



Apr 21, 2011

The World Car Awards has a new winner. The Nissan Leaf takes home the top honor as the 2011 World Car of the Year at the The New York auto show. The electric car beat out it's two top competitors: the Audi A8 and BMW 5-series and was also runner up for the World Green Award. That top honor however was given to the Chevy Volt. Those judging the World Car Awards said that the Nissan Leaf is the gateway to a brave new electric world with it's zero emissions and car-like performance for just under $35,000.

Toyota and Nissan to resume production at 50% of planned volumes

Toyota and Nissan to resume production at 50% of planned volumes



Toyota (TM) and Nissan (NSANY) will each resume production at all of their factories in Japan from mid-to-late April, though output will be at 50% of planned volume. Toyota will restart manufacturing of its entire line-up at its 17 Japan plants from April 18, while Nissan will open its engine plant in Fukushima Prefecture on April 18. Output at all of their facilities in Japan will remain "well below" full capacity for an indefinite period, both companies say.