Nissan enhances sales in most markets

In the first nine months of this fiscal year, Nissan’s total unit sales rose by 2.6 percent to 3.99 million units. In the US, Nissan’s sales rose by 4.2 percent to 1.16 million units, equivalent to a market share of 8.7 percent, amid strong demand for the Rogue and Altima. Nissan unit sales in China, which reports figures on a calendar-year basis, rose 8.2 percent to 929,000 units, equivalent to market share of 5 percent. In Europe, excluding Russia, Nissan’s sales rose by 5.5 percent to 474,000 units, which resulted in a market share of 3.6 percent. In other markets including Asia and Oceania, Latin America, the Middle East and Africa, Nissan’s sales decreased 3.9 percent to 596,000 units. “We expect to deliver solid earnings and strong free cash flow generation for 2016,” said Carlos Ghosn, CEO of Renault-Nissan Alliance. “The Board remains committed to increasing the full year dividend by 14.3 percent to 48 yen ($0.43) per share.” The company expects to sell 5.6 million units this fiscal year, up 3.3 percent on fiscal 2015.

• The Infiniti Q60 is a premium sports coupe that combines expressive design and exhilarating performance and dynamics. Following the arrival of the 2.0T that is currently available at Infiniti Partner’s across the region, the Middle East now counts down to the arrival of the all-new Q60 Red Sport 400. “The Infiniti Q60 Coupe has been one of the most eagerly anticipated models ever since the concept was first announced,” said Juergen Schmitz, Managing Director, Infiniti Middle East. “As we now draw closer to the official launch of the Red Sport 400 in our region, I am confident that our customers will be given yet another choice to enjoy Infiniti’s premium motoring experience.”
• During the 12th edition of the Gulf Run recently, Audi customers and fans had the chance to have a first-hand experience of Audi Sport. They were treated to hot laps in the Audi Sport flagship model — the Audi R8 — and as a special surprise in the all-new Audi RS 3 LMS. The latter is the newest addition to the “League of Performance” race car squad. The Middle East is the first region the car can be experienced globally. Organized by Audi Kuwait, close to 100 customers had the chance to check out the cars at the Bahrain International Circuit in Sakhir. Gulf Run started in 2005 as a weekend getaway for a group of friends passionate about automobile racing. Sixty cars from Kuwait roared into action at “The Home of Motorsport in the Middle East” — showcasing many top-of-the-line sports cars.

• The all-new 2017 Corvette Grand Sport comes to the market to complement the range and bring an expression of the car’s sports-bred pedigree. The new Corvette boasts additional features including a 6.2L LT1 V8 engine capable of 460 horsepower. Corvette is the sports car that gave birth to the term American muscle and continues to be one of the most technologically advanced sport cars. The new Grand Sport combines a lightweight architecture, a track-honed aerodynamics package, Michelin tires and a naturally aspirated engine. In all trims and models, Corvette offers its drivers with the lightest in lightweight chassis technology, magnetic ride control and lightning quick 8-speed transmission with performance shift algorithm, for the avid race driver.

Source: Arab News