- NISSAN 180 fully completed -
TOKYO (Oct. 6, 2005) - Nissan Motor Co., Ltd., announced today that it sold 3.671 million vehicles from Oct. 1, 2004 to Sept. 30, 2005, successfully delivering on the company's final NISSAN 180 commitment to sell an additional 1 million vehicles during the twelve-month period compared with fiscal year 2001.
Nissan sold 2.597 million vehicles in fiscal 2001, ended March 31, 2002, which means the company sold an additional 1.073 million vehicles during the past twelve months, or 73,000 more units than it had committed to.
"Thanks to the hard work of all of Nissan's employees, our revival is 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."
In terms of individual markets, North America, including Mexico and Canada, was the biggest contributor to the 1.073 million additional sales, accounting for 437,000 units. Nissan's general overseas markets (all markets excluding North America, Japan and Europe) were second with 364,000 units. Japan contributed 188,000 units, while Europe accounted for 84,000 units.
By model, the Frontier/Navara/Pickup was the biggest contributor to the 3.671 million sales with 307,000 units sold, followed by the Altima sedan with 305,000 units and the March/Micra compact car with 258,000 units.
Nissan's two other commitments under its NISSAN 180 business plan - an operating profit margin of 8% and zero net automotive debt - were accomplished in the first year of that plan, two years ahead of schedule.
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