Nissan reveals sketch of its compact carOctober 1st, 2009 CHENNAI - 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.
Honda Siel to export engine parts to JapanSeptember 8th, 2009 NEW DELHI - Car manufacturer Honda Siel Tuesday said it would export engine components to Japan from October. "This export programme is due to a shortage of Japanese supply, Honda Siel president and chief executive Masahiro Takedagawa told reporters on the sidelines of a conference.
Daimler's Mitsubishi Fuso unit considers possible bus partnership with Nissan DieselAugust 31st, 2009 Daimler's Fuso considers Nissan bus partnershipFRANKFURT — German car, truck and bus maker Daimler AG said Monday its Mitsubishi Fuso Truck and Bus Corporation and Nissan Diesel Motor Co. Ltd. had signed a letter of intent to work more closely together and possibly establish a joint venture in the bus business.
Nissan rolls out zero-emission electric car at new environmentally friendly headquartersAugust 2nd, 2009 Nissan rolls out electric car at new headquartersYOKOHAMA, Japan — Nissan Chief Executive Carlos Ghosn made a quiet entrance Sunday at the Japanese automaker's new headquarters building — driving the company's zero-emission vehicle on stage for its inaugural public viewing. Nissan Motor Co.'s environmentally friendly automobile — a blue hatchback with a sporty design and a recharging opening in the front — is set to go on sale in Japan, the U.S.
Nissan reports 16.5 billion yen loss in fiscal first quarter, notes some recovery signsJuly 29th, 2009 Nissan reports loss for fiscal first quarterTOKYO — Nissan reported a smaller-than-expected 16.5 billion yen ($175.5 million) loss for the fiscal first quarter Wednesday and unveiled plans to build more cars in China, one of the few auto markets where sales are still growing. Nissan Motor Co., Japan's third-biggest automaker, blamed slumping sales in most markets and the strong yen for the April-June quarter loss.
Nissan gives preview of electric car for mass-production next year in green strategyJuly 27th, 2009 Nissan gives preview of its vaunted electric carYOKOSUKA, Japan — Nissan Motor Co. showed off its super-quiet, zero-emission electric car Monday — a key green offering for Japan's No.
Ashok Leyland first quarter net profit dips 84 percentJuly 27th, 2009 MUMBAI - The net profit of Hinduja group's flagship company and commercial vehicle manufacturer Ashok Leyland declined 84 percent to Rs.7.77 crore (Rs.77.7 million) in the first quarter this fiscal compared to Rs.50.5 crore it netted in the year-ago period. The total income decreased 48 percent to Rs.973 crore from Rs.1,895.3 crore, the company said in a regulatory statement Monday.
Citing AP report, NYC mayor apologizes for allowing his SUVs to idle for long periodsJuly 24th, 2009 NYC mayor apologizes for his idling SUVsNEW YORK — Mayor Michael Bloomberg has apologized for letting his SUVs idle for long periods of time. Bloomberg ordered his drivers to stop the practice this week after The Associated Press reported observing the parked vehicles' engines running for long stretches.
Maran inaugurates Indian pavilion at Japan apparel fairJuly 22nd, 2009 TOKYO - With a view to finding new markets for the textile industry and reducing dependence on the US and the European Union (EU), India has begun promoting itself in Japan, with Textiles Minister Dayanidhi Maran inaugurating the Indian pavilion at the Mega Apparel and Textiles Show here Wednesday. The initiative is part of the government's policy to push Indian textiles exports to South East Asia, especially Japan.
Nissan bets big on India for global operationsJuly 19th, 2009 CHENNAI - Japanese auto giant Nissan Motor Co is betting big on India not only for manufacturing cars for domestic and overseas markets but also for sourcing components for its global operations. Nissan will be rolling out three different variants of its hatchback and sedan models, as well as a multipurpose vehicle (MPV), from five plants across the world, one of which is coming up at Oragadam, 55 km from here.
Nissan to mass produce 'affordable' electric cars in 2012June 23rd, 2009 Nissan to mass produce electric cars in 2012YOKOHAMA, Japan — Nissan Motor Co. said Tuesday its electric vehicles will be affordable, setting sights on the potentially lucrative market with a plan to mass produce zero-emission cars globally from 2012.
India investment plans on track, says NissanJune 4th, 2009 CHENNAI - Japanese auto major Nissan Motor Co Thursday said its partner Renault's decision to suspend investments in the joint venture's upcoming manufacturing facility near here would not affect the project's completion. French car maker Renault and Nissan have set up a 50:50 joint venture, Renault Nissan Automotive India, to set up a 400,000-car-per-annum plant at Oragadam, 55 km from here, at an investment of Rs.4,500 crore.
Ghosn seeks extra euro1.5 billion in synergies from Renault Nissan allianceMay 29th, 2009 Renault, Nissan seek euro1.5 billion in new synergiesPARIS — The head of the alliance between Renault SA and Nissan Motor Co. said Friday he wants to squeeze out an extra euro1.5 billion ($2.08 billion) in cost savings this year to get the French and Japanese automakers through the economic crisis.
Maruti Suzuki plans to export 1.3 lakh units this fiscalMay 19th, 2009 CHENNAI - India's largest car maker Maruti Suzuki, with a turnover of almost Rs.20,500 crore, is hoping to nearly double its exports this fiscal, said a company official here Tuesday. 'Our export target for the current year is 130,000 units that will include A-Star, Maruti 800, Estilo, and Swift models,' marketing and sales executive officer Mayank Pareek told reporters at the launch of the company's hatchback model Ritz.
Ashok Leyland to use Nissan-Renault's Chennai facilityMay 15th, 2009 CHENNAI - Ashok Leyland Nissan Vehicles, whose proposed plant here to make commercial vehicles has been delayed due to land acquisition problems, may use the car manufacturing facility of Nissan-Renault, being set up near here, to roll out trucks, a top official said. Ashok Leyland Nissan is joint venture between India's Ashok Leyland and Japan's Nissan Motor for light commercial vehicles (LCV).