Quantcast
Latest Stories

Nissan gaining US market share in March



NEW YORK — Nissan said Wednesday it expects to pick up market share in the all-important US market this month, but it still remains far from its target.

The Japanese automaker expects to sell more than 132,000 cars in March, which would take its market share to 8.8-8.9 percent, up from just 7.8 percent in January, Nissan’s director of sales for the US Jose Munoz said on the sidelines of the New York Auto Show.

Carlos Ghosn, chief executive of the Nissan-Renault alliance, acknowledged that the company remains far from its target of 10 percent market share in the US by 2016.

“Unless we hit 10 percent market share in the US, we are not getting a fair return on our investment here,” Ghosn said.

Ghosn was hopeful about US sales, but wary of economic trends in Europe.

“We are preparing for three years of no growth in Europe to 2016,” Ghosn said. “We hope we will be wrong.”

The recent drop in the yen gave a boost to the company’s Japan operations, according to Ghosn. The currency’s retreat has enabled Nissan to keep a promise to manufacture a million cars in Japan.

The auto giant hopes to win authorization from the Chinese government this summer to build a plant in China.

Ghosn figures that Nissan “lost” about a year’s worth of business due to tensions between Japan and China over contested territory between the two countries.

Anti-Japan protests in China, the world’s biggest auto market, pushed sales lower.

“We had headwinds, we are now coming back,” Ghosn said. “We are bullish on China.”


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: automobiles , Business , Nissan , sales



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Aquino: ‘Doubting Thomases’ now contributing to PH recovery
  • Fire engulfs apartments in Sampaloc
  • Messy warehouse belongs to Unicef, WFP, says Soliman
  • Suspected Abu Sayyaf rebels release hostage
  • New meaning of Easter in Samar
  • Sports

  • Warriors beat Clippers in playoff opener
  • Pacquiao top Mayweather contender
  • Rain or Shine, Ginebra clash for No. 6 spot
  • Ateneo eyes quarterfinal spot vs Benilde
  • Style contrast marks OneFC ‘Rise of Heroes’
  • Lifestyle

  • Noli Yamsuan, Cardinal Sin’s ‘official’ photographer: ‘I could smell the aftershave lotion of the Pope’
  • Simplifying and lightening life
  • Where to go for Easter night-out
  • Joe de Venecia visits the Queen Mother of Cambodia
  • Fashionistas flock to designer’s wedding
  • Entertainment

  • Show-biz celebrities’ other choices of summer getaway
  • Why ‘Noah’ can’t dock his ark at Philippine theaters
  • Acclaimed artist goes wild while on holiday
  • Believing in this mermaid
  • Missing Xian
  • Business

  • Top-selling insurance agent opens her dream café
  • Connecting and transacting with one another
  • Building wealth for health
  • Why Mandaue Foam buys, rather than rents, space
  • A workplace of new possibilities
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Epiphany
  • Unpaid creditor vs distressed debtor
  • Moving on
  • From culinary desert to paradise
  • Response to China: ‘Usjaphil’
  • Global Nation

  • Asia seeks Obama’s assurance in territorial spats
  • Cesar Chavez movie sparks memories of Fil-Am labor leaders
  • Filipinos in US poised for success
  • Visas for priests and other faith leaders
  • DOH to continue tracking co-passengers of OFW infected with MERS virus
  • Marketplace