Nissan profits beat estimates as weaker yen helps sales

Nissan has reported better-than-expected profits, helped by the weakening yen and by a recovery in sales in China. Japan’s second-biggest carmaker said profit rose 57% to 84.3bn yen ($825m; £503m) for the last months of 2013, beating analysts’ estimates. It also sold a record 5.1 million vehicles globally last year. The positive results come three […]

Nissan Motor Co Ltd (7201.T) said on Friday it was investing 11 billion baht ($358 million) to build a second assembly plant in Thailand that will have an annual production capacity of 75,000 vehicles when it opens in August 2014.

Capacity would eventually be raised to 150,000 vehicles. “Adding 150,000 units of production capacity will not only enable us to raise our competitiveness in the domestic market but will ensure Thailand’s position as a key strategic global export hub for Nissan,” executive vice-president Hiroto Saikawa said in a statement.

Mitsubishi Makes Its All-Electric Car Most Affordable in the US

Mitsubishi Motors Corporation earlier this week announced that its 2012 model all-electric powered i-MiEV (Mitsubishi innovative Electric Vehicle) car or simply “i”, will have an entry-level base price of $29,125 (excluding destination charges and federal and state tax incentives) when it begins its nationwide rollout this summer in the United States market…… Given increasing alternative […]

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