Word: nissan
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Dates: during 2000-2009
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...Overall industry sales dropped 35% in November. Ford actually beat the industry, reporting a sales drop of 30% but GM reported a 41% drop and Chrysler's fell 42%. Nissan's sales dropped 44%, Toyota fell 35% and Honda fell a similar amount. "We cannot continue to operate at these levels or the entire industry is going to go down," said Mike DiGiovanni, GM's director of market analysis, who acknowledged the steep drop in sales in October and November was devastating to the company's finances...
...higher gasoline prices. So for the first 11 months of 2008, GM's sales have fallen 21.9%. While that is comparable to Ford and Chrysler (down 20.6% and 27.7% respectively), it's far worse than Asian competitors. Toyota is down 13.4% this year, Honda has declined just 5.4%, and Nissan has shrunk by 9.1%. They will be far better positioned to rebound once the market recovers...
...tell us a little about Nissan's relationship with Chrysler? They needed a small car. We developed a small car for them on the existing platform of a Nissan. Same thing for our large pickup truck. Instead of renewing our own large pickup truck, we can use a derivative of their platform. We cut our investment by 75%. These are not small savings. These are massive savings...
...driving. I don't think people are all going to go for one type of car. As for our company, we are taking leadership into mass-marketing electric cars. In 2012, we are going to be in the main markets in the world with electric cars - both from Nissan and Renault - and it is not going to be one car, we are going to have a product lineup. You are going to have a small car for the city, and a family car, and you're going to have a 4-by-4. We don't want to have...
...What are Nissan's hottest markets now? China. We think China is going to be very resilient. Obviously we are not going to have the 25% growth that we had for the last years, but 6 or 7% growth, at least. We think South America is going to come back. Brazil is suffering now, but it has long-term potential. Russia, too. I come back to fundamentals. The number of cars per inhabitants in these countries is very, very low. Even if you are going to have a disruption in the rate of growth, there is fundamental demand, which...