| The Nissan Motor Co., Ltd.'s April sales dived 14.0 | | | | for Nissan. He said that the company expected some |
| percent on a daily sales rate basis to 61,179 units | | | | softness in the first half of the month, due to the |
| compared with last year's 77,102 units sold. The | | | | Easter holiday and the end of tax season. "But the |
| company's sales decline points to fewer selling days in | | | | market didn't come back" in the second half of April as |
| April 2007 as compared to 2006. | | | | Nissan expected, he added. |
| The Nissan North America, Inc. (NNA) reported sales | | | | Slow truck sales continued to injure the Nissan brand, |
| of 71,124 units in April and that is an 11.1 percent cut | | | | and now the company is dealing with a unforeseen |
| from the previous year. The NNA sales decreased | | | | decline in passenger car sales. "What has been just a |
| 14.0 percent over last year. The Infiniti Division posted a | | | | truck weakness in the market appears to have |
| sales gain of 12.0 percent with 9,945 units sold, as | | | | crossed over into the car side of the business," |
| compared with last April's 9,618 units. The all-new G | | | | Bradshaw noted. |
| Sedan contributed sales of 4,491 units, an increase of | | | | Nissan for the fiscal year 2006, ending March 31, 2007 |
| 71.9 percent over last April. | | | | filed its results with the Tokyo Stock Exchange. The |
| This April, Nissan bumpers failed to protect the | | | | results include net revenues of 10.4686 trillion yen, |
| company from sales crash. For the month of April, | | | | operating profit of 776.9 billion yen, ordinary profit of |
| Nissan and Infiniti sales totaled 71,124 and that figure is | | | | 761.1 billion yen, consolidated net income of 460.8 billion |
| an 11.1 percent decrease over last year's April sales of | | | | yen, and the operating profit margin came to 7.4 |
| 86,720 units. In North America, the NNA operations | | | | percent. |
| include automotive styling, engineering, consumer and | | | | "2006 did not boost our results towards achieving the |
| corporate financing, sales and marketing, distribution | | | | objectives of Nissan Value-Up," said the Nissan |
| and manufacturing. | | | | President and CEO, Carlos Ghosn. "However, we |
| In the United States, Nissan auto sales dropped by 18 | | | | believe that the commitments are within the potential |
| percent on unadjusted basis. North American Sales | | | | of the company and we remain focused to deliver |
| Chief Brad Bradshaw said Tuesday that the U.S. sales | | | | them completely. Accordingly, we have decided to |
| for the Nissan and Infiniti brands equaled 71,124 vehicles | | | | extend the period for delivering all the Nissan Value-Up |
| and that is down by 18 percent compared with the | | | | commitments by one year." |
| same period in 2006 on a volume basis. | | | | Ghosn noted that tangible progress had been made on |
| The company's sales fell eleven percent and the | | | | the four key breakthroughs in Nissan Value-Up. The |
| figures are adjusted for the fact there were two | | | | Infiniti luxury brand continues to expand around the |
| fewer selling days in April 2007 compared to the prior | | | | globe with its launch to Russia in 2006 and into China |
| year. The Japanese automaker said a 20 percent | | | | and Ukraine in 2007. The Infiniti brand will also be |
| decline at its mainstream Nissan brand or a 14 percent | | | | offered across Western Europe by 2008. |
| decline on an adjusted basis. The sixth largest | | | | Stressing on the outlook for this fiscal year, Ghosn said |
| automaker worldwide noted that the luxury Infiniti brand | | | | that the fiscal 2007 will be a better year for Nissan |
| registered a four percent increase in volume, or a 12 | | | | than the year 2006. However, the rising raw material |
| percent increase when adjusted for selling days. | | | | costs, energy prices and interest rates, fluctuating |
| Additionally, Nissan brand sold 61,179 vehicles, while | | | | foreign exchange rates, high level of incentives, and an |
| Infiniti delivered 9,945. | | | | escalating number of troubled competitors and |
| In an interview, Bradshaw said it was a "difficult month" | | | | suppliers, would remain as business risks for this year. |