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NISSAN GULF BEGINS OPERATIONS IN THE MIDDLE EAST

Monday, October 13th, 2008

Nissan Motor Co., Ltd. (NML) and Al Dahana FZCO announced today the establishment of a joint venture company – Nissan Gulf FZCO (NGF) – to enhance Nissan’s marketing and sales strategy in key GCC markets and introduce a fully fledged financial services platform through all Middle East and North African countries.

Nissan Gulf FZCO will be responsible to enhance Nissan’s marketing and sales strategy, dealer development and front line management in Saudi Arabia, Abu Dhabi, Kuwait and Bahrain, with the aim of selling 160,000 vehicles a year by 2012. These four markets will represent more than 40 percent of Nissan sales in the region by 2012.

NGF will introduce a fully fledged financial services platform by partnering with GAPCorp, a global third party administrator. The finance and insurance platform will offer a comprehensive range of Nissan branded finance and insurance products throughout the Middle East and North African countries, with products such as extended warranty, road side assistance, guaranteed auto protection (GAP) insurance and motor insurance, which will be fully synergized with local market requirements, to promote a one-stop-shop to Nissan buyers.

“The Middle East is one of the fastest growing auto markets and is a strategic area of focus for the future of Nissan,” said Colin Dodge, Senior Vice-President of Nissan Motor Co. Ltd. “Al Dahana is a strategic partner that will offer sales, marketing and dealer development expertise to sustain our success in key markets of the region.”
NGF activities will substitute those of Nissan Middle East FZE in Saudi Arabia, Abu Dhabi, Kuwait and Bahrain.

Mr. Khaled Al Juffali and Mr. Nasser Watar represent Al Dahana’s shareholders in NGF as Chairman, and Vice Chairman and Managing Director, respectively.

“We are excited about the opportunity to be a part of Nissan’s business in these four countries,” said Khaled Al Juffali. “We are confident of our ability to deliver on Nissan’s brand promise by bringing our expertise and understanding of the local markets to supercharge Nissan’s operations and exceed customers’ expectations.”

In May 2008, NML announced the Nissan GT 2012 five-year business plan focusing on the company’s long-term performance and commitment to stakeholders. Geographic expansion with a view to establishing the basis for a long-term presence in these markets is a cornerstone of the plan. In the Middle East, sales volume is expected to double, from 200,000 units in 2007 to more than 400,000 units in 2012, with a commitment on significant increase in market share. Together with the aggressive product lineup of both Nissan and Infiniti brands, the establishment of NGF will accelerate business growth and quality services in the region.

Source: Nissan Motor Co. Ltd.

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Nissan Vehicles Dealers

Chrysler may sell cars made by Nissan in America

Monday, August 18th, 2008

Chrysler is in talks with Nissan about jointly producing midsize about jointly producing midsize cars, a partnership that would move American auto maker toward a radical new business model, the Wall Street Journal recently reported.

In April, Chrysler and Nissan entered a deal under which Nissan would build a small car for Chrysler using the North American automaker’s design and Chrysler would build a new full-sized pickup truck for the Japanese automaker using Nissan’s plans.

Since then, the two companies have been disusing an agreement under which Nissan would produce midsize sedans that Chrysler would sell in the U.S. under its own name, the Journal said, citing people familiar with the matter.

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Pickup Truck, Japanese Cars

Ban on transfer of 10-year-old car in Dubai force owners to quickly sale their cars

Saturday, July 12th, 2008

Used car dealers in Dubai and Sharjah are flooded with frantic calls these days. Owners of light vehicles want to sell off their 10-year or older vehicles to them. And they want to do it as soon as possible. This follows the recent announcement of the Ministry of Interior banning transfer of registration of cars more than 10 years old. The rule is to be effective January 2009.

The new rule will leave the owners with 2 options.
They would d have to either sell off the 10 – year old cars now or export these cars to their home countries later.

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Used Car Dealers, Light Vehicles

Electric car debuts in Israel

Thursday, May 15th, 2008

Israelis recently got a first demonstration electric car that developers hope will revolutionize transportation in Israel and serve as a pilot for the rest of the world.

The Sillicon Valley start-up project Better place hopes the fully electric prototype will be on Israel’s streets in large numbers by 2010.If the company’s plan proceeds on schedule, Israel will be the first country to have electric cars on its highways in large numbers.

The project is a joint venture between automotive giant Renault-Nissan, which came up with the business model and is supposed to operate a recharging grid to be built across Israel beginning in 2009.The project is a joint venture between automotive giant Renault-Nissan, which came up with the business model and is supposed to operate a recharging grid to be built across Israel beginning in 2009.

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Electric Cars, Automotives

Azerbaijan imported 70,900 new cars in 2007

Wednesday, February 20th, 2008

According to customs cargo declarations in Azerbaijan, 70,900 new cars were imported in 2007. For the next four years, Azerbaijan is expected to import more than 300,000 new automobiles.

Automobile fleet of Azerbaijan has exceeded 800,000.