TNT Logistics to double-shift Disney Store, Nissan vehicles May 19, 2006
The Disney Store, the retail arm of media conglomerate The Walt Disney Company, has awarded TNT Logistics its UK distribution contract - and TNT is utilizing vehicles assigned to another customer to benefit both of its clients. The TNT liveried vehicles which are used to deliver Nissan Renault spare parts to 450 dealerships throughout the UK at night will also be utilized to deliver merchandise to the 59 Disney stores in the UK during the day.”Both clients are based at Magna Park in the Midlands and by maximizing the use of the vehicles, we are reducing costs for everyone,” …
Nissan profits continue to rise despite slow domestic sales April 25, 2006
Benefiting from strong overseas sales, Japanese auto firm Nissan Motor Company has reported consolidated net income of JPY518 billion ($4.6 billion) for fiscal 2006, up 1.1% on the previous year and a record for the sixth consecutive year. “Nissan delivered a solid performance in fiscal 2005 despite the many challenges facing the global auto industry including higher raw material prices, higher energy costs, higher interest rates and higher incentives,” said Nissan president and CEO Carlos Ghosn. “Although we had few product introductions, we continued to grow our global sales driven by the attractiveness of our existing products and sound …
Nissan announces new plant in Russia
Japanese carmaker Nissan has revealed plans to invest $200 million in a new assembly plant in St Petersburg, Russia. Should the plan receive approval from Russia’s Ministry of Economic Development and Trade, production will begin in 2009. When fully operational, the plant will employ around 750 people and produce around 50,000 units per year. Nissan says the new facility will produce a variety of vehicles specifically adapted for the Russian market. “The continued growth of the Russian market, and Nissan’s presence in that market, was a key factor in deciding to start local production,” said Colin Dodge, senior vice …
Nissan cuts N.A. production by 18,000 units April 19, 2006
Nissan North America Inc. will cut 18,000 vehicles from its production schedule to reduce inventories and prepare for 2007 model vehicles. Six production days will be cut from this month through July at two assembly plants, in Smyrna, Tenn.
Nissan sees parent profit jump to pay for dividend
TOKYO (Reuters) — Nissan Motor Co. on Wednesday estimated its parent-only net profit jumped 135 percent in the business year ended last month to account for the receipt of funds from its U.S.
Nissan Chief Says Rebates Need to Stop April 13, 2006
Carlos Ghosn urged his fellow auto executives on Wednesday to wean themselves from costly incentives. Read more
GT-R will be sold in U.S. with Nissan badge April 12, 2006
Nissan Motor Co. will sell the high-performance GT-R sports car as a Nissan in the United States, not an Infiniti. The car is due in the United States in 2008, about a year after a redesigned version goes on sale in Japan in fall 2007. Read more
Nissan sells stake in Nissan Diesel to Volvo AB March 21, 2006
TOKYO — Swedish truck maker Volvo AB is buying a 13 percent stake in truck maker Nissan Diesel Motor Co. from Nissan Motor Co. Ltd. for $195 million, the automaker said Tuesday, March 21. Nissan Motor Co. Read more
Nissan opens research facility in China March 20, 2006
TOKYO (Reuters) — Nissan Motor Co.’s Chinese joint venture opened a technical center on Monday, saying localization of the development process would help it sharpen its competitive edge in the fast-growing market. Read more
Nissan Europe plans sales split from Renault
Hit by declining sales in western Europe, Nissan is separating its sales and marketing operations from alliance partner Renault. Read more
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