October 6, 2005

Nissan delivers on commitment to sell 1 million more cars

Tokyo, Japan – Nissan has announced that it sold 3.671 million vehicles from October 1, 2004 to September 30, 2005, successfully delivering on the company’s commitment to sell an additional one million vehicles during the twelve-month period, compared with fiscal year 2001.

“Thanks to the hard work of all of Nissan’s employees, the Nissan revival, which began six years ago, is now complete,” said Carlos Ghosn, president and CEO of Nissan. “We have regained the confidence and momentum needed to grow significantly and profitably over the long term.”

Sales in the U.S., Canada and Mexico were the largest contributor, accounting for 437,000 units. Nissan’s general overseas market was second, with 364,000 units, followed by Japan and Europe. The largest individual seller was the Frontier pickup, also known as Navara in some markets. The other two commitments under the business plan, to achieve an operating profit margin of eight per cent and zero net automotive debt, were accomplished in the plan’s first year, two years ahead of schedule.

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