Subaru of America, Inc. today announced that it had its best sales month ever with a 34-percent increase in sales in July. The company sold 21,839 units this July versus 16,271 units in July 2008 and had a 4-percent gain year-over-year. Subaru sales for July 2009 also showed a 17-percent increase over June 2009 Subaru sales.

The introduction of the new 2010 Subaru Legacy and Outback vehicles kept the momentum going for the car company as it continues to outpace the industry. The Subaru Legacy posted a 34-percent increase, the Outback a 33-percent increase, while the Impreza posted a record sales month and the most gains with a 41-percent sales increase, with the Forester continuing to bring in strong sales with an increase of 36-percent, which also represented a monthly record.

“July’s record results built on the momentum we’ve established this year. The month started strong and gained momentum with the 2010 Legacy and Outback launches. We were in a position for a very good month already, but when the CARS program hit, things went to the next level,” said Tim Colbeck, senior vice president of sales, Subaru of America, Inc. “Our success this month reflects the strength of the Subaru model line-up. The Subaru Impreza and Forester models set monthly records while the brand new Legacy and Outback are off to a strong start.”

Source: Fuji Heavy Industries Ltd.

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Nissan Motor Co., Ltd. today returned to its historic roots in Yokohama, Japan, with the opening of a new global headquarters building, designed with the environment in mind and specifically focused on low CO2 emissions and energy conservation.

In conjunction with the opening ceremony, the company also unveiled Nissan LEAF, the world’s first affordable, zero-emission car designed to satisfy real-world consumer requirements, including a range of more than 160 km (100 miles) per charge. Nissan LEAF will launch in Japan, the United States, and Europe in late 2010.

“The symbolism of our new headquarters is inescapable,” said Nissan President and CEO, Carlos Ghosn. “As we return to where Nissan was founded in 1933, we celebrate a new era for our company and a new era for mobility. This is a very significant day as we look with hope and confidence toward our future.”

Source: Nissan Motor Co. Ltd.

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Nissan Motor Co., Ltd., today announced a net loss after tax of 16.5 billion yen (US $170 million, euro 120 million) in the first quarter of fiscal year 2009, ending March 31, 2010, compared to net income of 52.8 billion yen (US $540 million, euro 400 million) from the same period a year ago.

Net revenue fell 35.5% to 1.5148 trillion yen (US $15.55 billion, euro 11.42 billion). Nissan’s operating profit totaled 11.6 billion yen (US $120 million, euro 90 million), down 85.5%, while the ordinary loss amounted to 26.1 billion yen (US $270 million, euro 200 million).

“2009 continues to be a tough year, but we are beginning to see positive results from the measures taken under our Recovery Plan,” said Nissan President and CEO Carlos Ghosn. “We are on track towards positive free cash flow for FY2009 and will remain cautious in our outlook for the rest of the year.”

Globally, Nissan sold a total of 723,000 vehicles in the April-to-June period, down 22.8% compared to same period in 2008. In North America, sales were 225,000 units, down 31.6%. Sales in the United States were 173,000 units, down 31.5% in a market that continues to decline. In Japan, sales were 116,000 units, down by 21.6%. European sales were 118,000 units, down 24.6%. China continues to demonstrate growth with sales up by 9.3% at 145,000 units. Sales in other regions were down 29.8% to 119,000 units.

The first quarter saw the launch of three products – Pixo in Europe, NV200 in Japan and G37 convertible in the United States. In fiscal 2009, Nissan will launch a total of eight all-new products globally.

“Despite the global financial and economic crisis, Nissan is poised to embark on a new chapter of growth and innovation,” added Ghosn. “In August, we will move to our new Nissan Global Headquarters in Yokohama after more than 40 years, celebrating our company’s return to its birthplace. In addition, we will reveal the all-electric vehicle that will spearhead our vision for mass-market zero-emission mobility.”

Nissan’s forecast remains unchanged for the full fiscal year with operating loss of 100 billion yen (US $1.05 billion, euro 800 million) and net loss of 170 billion yen (US $1.79 billion, euro 1.36 billion).

Note 1: Amounts in dollars and euros are translated for the convenience of the reader at the foreign-exchange rates of 97.4 yen/dollar and 132.7 yen/euro, the average rates for the fiscal year to date.

*Note 2: Based on asssumption of foreign-exhange rates at 95 yen/dollar and 125 yen/euro, as filed in the full-year forecast on May 12, 2009, with the Tokyo Stock Exchange.

Source: Nissan Motor Co. Ltd.

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