InsideJapan News Network
Wednesday,
27th
October
2010
In Business In Japan,
In Business In Japan,
Nissan launches hybrid
Japanese car maker Nissan has revealed its first hybrid vehicle.
The Fuga is set to be launched in Japan at the start of November and will make use of combined electric-petrol power.
However, market experts believe the strong yen could undermine global sales for many Japanese auto companies
Nissan's chief operating officer Toshiyuki Shiga confirmed the impact of the yen could lower profits for the country's third largest car maker.
He added: "We can't adequately express our concern about the sharp yen rise on our earnings by simply saying we are worried about it. The company is now working with a sense of crisis."
Nissan is set to reduce exports and increase imports in the short-term as well as looking to eventually move production away from Japan.
The Fuga is expected to go on sale in Japan on November 2nd, with prices ranging from 5,775,000 yen to 6,300,000 yen (£45,000 to £49,200) and its average fuel consumption is estimated to be 45 mpg.
Written by Susan Ballion.
Related news stories:
Nissan to raise prices (1st September 2008)
Nissan to increase production (21st September 2010)
Nissan hit by Hitachi part delay (14th July 2010)
The Fuga is set to be launched in Japan at the start of November and will make use of combined electric-petrol power.
However, market experts believe the strong yen could undermine global sales for many Japanese auto companies
Nissan's chief operating officer Toshiyuki Shiga confirmed the impact of the yen could lower profits for the country's third largest car maker.
He added: "We can't adequately express our concern about the sharp yen rise on our earnings by simply saying we are worried about it. The company is now working with a sense of crisis."
Nissan is set to reduce exports and increase imports in the short-term as well as looking to eventually move production away from Japan.
The Fuga is expected to go on sale in Japan on November 2nd, with prices ranging from 5,775,000 yen to 6,300,000 yen (£45,000 to £49,200) and its average fuel consumption is estimated to be 45 mpg.
Written by Susan Ballion.
Related news stories:
Nissan to raise prices (1st September 2008)
Nissan to increase production (21st September 2010)
Nissan hit by Hitachi part delay (14th July 2010)
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