Tokyo, Japan – Nissan has announced that the light commercial vehicle (LCV) business will continue to be a breakthrough driver of growth during its 2012 mid-term business plan, which was announced earlier in May by Nissan president and CEO Carlos Ghosn.
The company has announced that it will launch 13 all-new LCVs globally by the end of 2012; it will start LCV sales in Russia in September 2008, and in the U.S. and India during 2010. The business plan calls for the company to double the revenue generated by LCV sales in fiscal year 2012 when compared to fiscal year 2007.
“Nissan has grown LCV sales to unprecedented records for the brand, and we aim to become a leading player in the global LCV market by 2012,” said Andy Palmer, Corporate Vice-President, LCV Business Unit. “To grow our business further we will continue focusing on the unmet needs of the LCV customers around the world, offering them products that are smart and reliable partners for their daily professional endeavours.”
In fiscal year 2007, the LCV unit sold 519,703 vehicles globally. China led sales with 151,088 LCV units, followed by Japan at 121,790 units. The NP300 pickup truck, also called the Frontier in several markets, was the best-selling model, with 71,678 units sold.