Nissan LCV Unit Achieves Growth Commitments Ahead of Schedule

HANOVER, September 20 /PRNewswire/ --

-- Unit Expected to Meet Sales, Operating Profit Margin Targets in Fiscal Year 2006

Nissan Motor Co. announced today at the 61st International Commercial Vehicle Show in Hanover, Germany that it expects its light commercial vehicle unit to meet its business commitments under the company's global "NISSAN Value-Up plan" in fiscal year 2006, one year ahead of schedule.

Under the three-year Nissan Value-Up plan which ends in fiscal year 2007, the unit committed to sales of 434,000 units, up 40% compared with fiscal year 2004. It also committed to doubling its consolidated operating profit margin to 8% compared with the level in fiscal 2004.

"We are very pleased to be able to meet our commitments a year ahead of schedule," said Andy Palmer, corporate vice president and head of Nissan's LCV Business Unit. We will be launching two all-new products this year, including the Cabstar which we are introducing here at the Hanover Motor Show. More exciting products are in the pipeline and should put Nissan on track to become a leading player in the global LCV market," Palmer added.

In fiscal year 2004, Nissan established a dedicated global LCV business unit to effectively coordinate the company's efforts towards accelerating the profitable growth of the LCV business, one of four new growth areas for the company under NISSAN Value-Up. Since then, the LCV business unit has implemented a series of strategies to strengthen sales, including improving its product line-up and expanding its global market presence.

Sales of Nissan's LCVs have grown steadily since fiscal year 2002, when they accounted for 182,000 units. In fiscal year 2005, Nissan sold 400,267 units and posted a consolidated operating profit margin of 7.7%.

    
    For more information, contact:
    Giuseppe Cavallo
    Global Manager Communications
    Nissan Motor Co., Ltd.
    LCV Business Unit
    Mobile: +34-628-900-255
    Desk: +34-93-290-7923
    Gilles Gautherot
    Corporate Communications
    P: +33-1-30-13-67-67
    Email: ggautherot@nissan-europe.com
    Web: www.nissaneurope-newsbureau.com

Giuseppe Cavallo, Global Manager Communications, Nissan Motor Co., Ltd. LCV Business Unit Mobile: +34-628-900-255, Desk: +34-93-290-7923; Gilles Gautherot, Corporate Communications P: +33-1-30-13-67-67, Email: ggautherot@nissan-europe.com