TOKYO (Nov. 14, 2006) -- Following the recent announcement of the first half financial results for the fiscal year 2006, Nissan today reaffirmed that its light commercial vehicles (LCV) business unit plans to achieve its Nissan Value Up commitments - of reaching 434,000 units vehicle sales with 8% consolidated operating profit - one year ahead of forecast in this fiscal year 2006 ending March 31, 2007.
This bullish outlook is supported by the strong performance of the LCV unit this year across all global markets. For the six-month period from April through September 2006, global LCV sales have totalled 242,760 units, accounting for more than half the volume committed in the Value Up business plan initially set for the whole fiscal year 2007.
"The LCV business has been identified as one of the key breakthrough opportunities that will drive Nissan's growth in terms of volume and profitability for the long-term. We are recognized as an important contributor to Nissan's overall success as per the Nissan Value Up business plan," said Andy Palmer, Corporate Vice President of Nissan's LCV Business Unit.
"Our solid performance so far has been fuelled by improvements in our distribution network and leveraging on global efficiencies. With an aggressive product offensive next in the pipeline, we are confident of taking the LCV business onto a more accelerated growth period, in addition to expanding our product penetration into new emerging markets," added Palmer.
For fiscal year 2006, Nissan will introduce a record three new LCV products. In the second half, it will launch a successor to AD-van in Japan, which is expected to consolidate Nissan's stronghold in the domestic small van market. The AD Van follows the introduction of the Cabstar light duty truck in Europe last September.
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