Nissan has come a long way since its financial and sales troubles in the late 1990s. Part of the company’s resurgence was attributed to the addition of Carlos Ghosn as Nissan’s CEO. Unfortunately, times are again tough for Nissan, as they are with every automaker. Just recently Nissan announced its first loss since Ghosn took over in 1999. As a result, Nissan plans to save money by becoming even closer to Renault.
In other financial news, Nissan has been associated as a possible buyer for the Saturn brand. In addition, it is not yet known how these cost cutting initiatives will impact other infinitives underway at Nissan, including its electric vehicle development, which Framingham Nissan dealers hope will remain a high priority.
Nissan already has one new product in development that has been a joint venture with Renault. The car will be a low-cost subcompact that will be similar to that of the Nano from Tata Motors. Nissan will also be expanding its efforts in the Russian market. Aside from Renault, Used Car Dealers New Haven reminds us that Nissan has formed an alliance with Chrysler, however those efforts may become complicated due to bankruptcy restructuring.
Volvo Dives into Plug-in Hybrid Technology
Volvo has been struggling amid slumping global sales, but that hasn’t stopped the automaker from diving into research and development. One such as product of its R&D efforts is a new plug-in hybrid that will be due by 2012. Volvo has committed itself to producing a high mileage diesel-electric plug-in hybrid, but it has yet to confirm its plans to sell the vehicle in the U.S.Lexus ES Still Critical to Luxury Brand Lineup
As one Lexus’ most popular models, there will be plenty of drivers that will be happy to see a revamped Lexus ES 350 coming to showrooms later this month. While it may not be a full redesign, the updating certainly brings needed enhancements.Euro Civic Type-R Teases U.S. Consumers
In the U.S., Honda is mostly known for producing somewhat conservative, economical cars. However, the image of Honda outside of the States is far more performance oriented. This is attributed to a range of models that can be had overseas, but remain unavailable here.