Showing posts with label Nissan. Show all posts
Showing posts with label Nissan. Show all posts

Thursday, April 26, 2007

Nissan Net Income at 460.8 Billion Yen in Fiscal Year 2006

TOKYO (April 26, 2007) – Nissan Motor Co., Ltd., today announced financial results for the fiscal year 2006, ending March 31, 2007 and filed the following results with the Tokyo Stock Exchange:

  • * Net revenues of 10.4686 trillion yen (US $89.48 billion, euro 70.73 billion)
  • * Operating profit of 776.9 billion yen (US $6.64 billion, euro 5.25 billion)
  • * Ordinary profit of 761.1 billion yen (US $6.51 billion, euro 5.14 billion)
  • * Consolidated net income of 460.8 billion yen (US $3.94 billion, euro 3.11 billion).
  • * The operating profit margin came to 7.4%.
As previously announced, in order to increase transparency and consistency, Nissan is harmonizing calendar-year results for overseas subsidiaries such as Europe and Mexico with fiscal-year results for Nissan Motor Co., Ltd.

With the exception of China and Taiwan where fiscal-period accounting is precluded by law, all overseas subsidiaries that previously ended their annual periods in December have been harmonized to align with the consolidated fiscal period ending in March. This was done by including an additional quarter of results from January to March for those subsidiaries previously consolidated on a calendar-year basis. Adding this fifth quarter results in a one-time positive impact to fiscal 2006 results of 767.6 billion yen (US $6.56 billion, euro 5.19 billion) in revenues, 21.4 billion yen (US $0.18 billion, euro 0.14 billion) in operating profits and 11.6 billion yen (US $0.10 billion, euro 0.08 billion) to the bottom line net income.

On comparable 12 month periods, Nissan’s global sales were 3,483,000 units, down 2.4%. In the US, sales were at 1,035,000 units, down 4.0%. In Japan, sales were at 740,000 units, down 12.1%. In Europe, sales came to 540,000 units, down by 0.2%. Sales in General Overseas Markets were 1,168,000 units, an increase of 5.1%.

The company’s net automotive cash position stood at 254.7 billion yen (US $2.18 billion, euro 1.72 billion) at the end of fiscal 2006. Nissan will propose a 17-yen-per-share year-end dividend at the company’s annual shareholders’ meeting this June, for a full-year dividend of 34 yen per share for fiscal 2006, as committed.

Nissan Value-Up
“2006 did not boost our results towards achieving the objectives of Nissan Value-Up,” said Nissan President and CEO, Carlos Ghosn. “However, we believe that the commitments are within the potential of the company and we remain focused to deliver them completely. Accordingly, we have decided to extend the period for delivering all the Nissan Value-Up commitments by one year.”

Ghosn noted that tangible progress had been made on the four key breakthroughs in Nissan Value-Up. The Infiniti luxury brand continues to expand globally with its introduction to Russia in 2006, into China and Ukraine in 2007 and across Western Europe during 2008.

Light Commercial Vehicle (LCV) sales globally have grown by 57% to 490,000 units compared to the start of Nissan Value-Up. The LCV business now generates a consolidated operating profit margin of over 8%.

Nissan continues to enhance its overall cost competitiveness. 15% of global sourcing is made in Leading Competitive Countries (LCC) such as China, ASEAN, Mexico, and Eastern Europe, versus 12% last year.

Finally, our geographic expansion has been accelerated by additional investments in Brazil and China, a new plant being established in Russia, and a new partnership with Renault and Mahindra to build a manufacturing facility in India.

2007 outlook
Commenting on the outlook for this fiscal year, Ghosn said fiscal 2007 will be a better year for Nissan than 2006. Rising raw material costs, rising energy prices, rising interest rates, volatile foreign exchange rates, high level of incentives, and a growing number of distressed suppliers and competitors, would remain among the business risks for 2007.

Nissan continues to invest massively for its future within a clearly established long-term strategy, especially in the research and development of breakthrough technologies and innovative products. In 2007, Nissan will launch 11 all-new products globally: Nissan Livina, Nissan X-TRAIL, Nissan Altima coupe, single and double-cab Nissan Atlas truck, entry-level sedan for Mexico, Infiniti G37 coupe, Rogue, Infiniti GT-R, Infiniti EX luxury crossover, Murano and a single-cab version of the Frontier-Navara pickup truck.

Based on the company’s outlook and assuming foreign exchange rates of 117 yen/dollar and 148 yen/euro - which is at the same level as fiscal 2006 - Nissan filed the following forecast for the fiscal year ending March 31, 2008, with the Tokyo Stock Exchange:
  • * Consolidated net revenues of 10.3000 trillion yen (US $88.03 billion, euro 69.59 billion)
  • * Operating profit of 800 billion yen (US $6.84 billion, euro 5.41 billion)
  • * Ordinary profit of 773 billion yen (US $6.61 billion, euro 5.22 billion)
  • * Net income of 480 billion yen (US $4.10 billion, euro 3.24 billion)
Note: Amounts in dollars and euros are translated for the convenience of the reader at the foreign exchange rates of 117 yen/dollar and 148 yen/euro, the average rates for the fiscal year ending March 31, 2007.

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APPENDIX

For the convenience of readers who wish to make a direct comparison between fourth quarter 2006 and the same period in 2005, excluding the impact of the accounting change, the totals are as follows:

* Consolidated net revenues of 2.8238 trillion yen (US $24.14 billion, euro 19.08 billion), up 7.1% compared to 2.6360 trillion yen (US $22.53 billion, euro 17.81 billion) the previous year
* Operating profit of 223.8 billion yen (US $1.91 billion, euro 1.51 billion) down 7.0% compared to 240.6 billion yen (US $2.06 billion, euro 1.63 billion) from FY2005
* Ordinary profit of 204.6 billion yen (US $1.75 billion, euro 1.38 billion) down 14.9% compared to 240.4 billion yen (US $2.05 billion, euro 1.62 billion) from FY2005
* Net income of 70.6 billion yen (US $0.60 billion, euro 0.48 billion) down 53.7% compared to 152.4 billion yen (US $1.3 billion, euro 1.03 billion) from FY2005. Net income was lower compared to last year due to -- by order of decreasing magnitude -- provisions taken for the one-time charge for headcount reductions in the U.S. and Japan, lower profit contribution from equity method companies, and higher taxes.

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Source: Nissan

Nissan Begins Tenth Term of the Nissan-NPO Learning Scholarship Program

Investing in Young People Through Partnerships with NPOs

Tokyo, April 25, 2007 – Nissan Motor Co., Ltd., today announced that it is accepting applications from students for the tenth term (FY 2007) of the “Nissan-NPO Learning Scholarship Program”, an annual program under the company’s corporate citizenship activities.

Under the Learning Scholarship Program, Nissan will recruit students who seek to contribute to a nonprofit organization (NPO). Based on their internship performance, Nissan will award these students with scholarships. Nissan first launched the program in 1998 as a new initiative by partnering with NPOs. The program has been successful and this year represents the tenth term.

This program offers university and graduate students the opportunity to broaden their experience through an internship experience with leading NPOs. The support for education programs is one of the three core areas of focus for Nissan’s social contribution activities, the others being environment and humanitarian related programs.

This year’s interns will be posted to nine NPOs actively engaged in environmental protection, international cooperation and child-rearing. The internship will last between seven to eight months starting from July 2007 to February 2008. The deadline for applications is May 31, 2007. Only nine successful candidates (tentative) will be selected based on their qualifications and selection-interviews.

Outline of the Tenth Term (FY 2007) of the Nissan-NPO Learning Scholarship Program
1. Sponsor: Nissan Motor Co., Ltd.
  Partner: Japan NPO Center

2. Target participants:
Students currently enrolled in a university or graduate school.

3. Host organizations:
Children's Fund of Kanagawa, The Foundation for Child Well-being (National Children's Castle), Shapla Neer Citizens' Committee in Japan for Overseas Support, Shanti Volunteer Association (SVA), Japan NPO Center, Ecosystem Conservation Society-Japan, The Association of National Trusts in Japan, Kanagawa Information Center for Citizens' Activities (Alice Center), World Vision Japan
(9 organizations in total)

4. Program schedule:
April 25, 2007 - Recruitment begins (announcement of internship program)
May 31 Deadline for applications
Late June - Selection of scholarship recipients
Early July - Start of internships (The period varies depending on the internship; some internships will run until February 2008.)

5. Application procedure:
Applications can be submitted online via Nissan’s website:
http://www.nissan-global.com/JP/CITIZENSHIP/NPO/index.html
Information related to the program recruitment is also posted on university bulletin boards.

6. Inquiries:
Philanthropy Team, Communications and CSR Department, Global Communications, CSR and IR Division

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Source: Nissan

Nissan's Production, Sales, Export Results for March 2007 and the Twelve Months Ending March 31, 2007

TOKYO (Apr. 24, 2007)-Nissan Motor Co. Ltd., today announced production, sales and export figures for March 2007 and the twelve months ending March 31, 2007.

1.Production
March
Nissan's global production in March decreased 9.8% year-on-year to 308,729 units. In Japan, products such as the Infiniti G35 sedan (new Skyline in Japan), Teana and Cube were positive contributors. However, the reduced output of other models has impacted net production.

Overseas production fell 3.2% year-on-year to 199,147 units.

In the US, overall production totaled to 65,382 units, down 14.1% compared to the previous year, despite the recorded increase in the production of the new Altima.

In the UK, net production fell 1.9% from the previous year to 31,478 units, despite positive contributions from the Qashqai. Buoyed by the robust sales of the Navara and Primastar commercial vehicles, production in Spain climbed 7.7% year-on-year to 22,255 units.

In other global markets, production grew 11.5% year-on-year to 40,749 units, due to products such as the new Frontier Navara pickup truck in Thailand and the Livina Geniss minivan, Tiida and Bluebird Sylphy compact sedan in China.

March 2007 and the 12 months ending March 31, 2007
Global production for March 2007 and the 12 months ending March 31, 2007 decreased by 6.8% year-on-year to 3,205,496 units.
Domestic production totaled 1,191,937 units, down 12.7%. The new Skyline and refreshed Presage models saw increase in production but net production was down due to the reduced outputs of other models.

Overseas production fell 2.9% year-on-year to 2,013,559 units.

US production fell 11.4% year-on-year to 716,211 units. In Mexico, increased production of the new Versa hatchback and Versa sedan (Tiida in Japan) boosted production 13.0% year-on-year to 427,917 units.

In the UK, both the new Qashqai and Note were positive contributors, although overall production dropped 4.6% from the previous year to 302,634 units, resulting from the reduced output of other models. Production in Spain climbed 4.1% year-on-year to 213,479 units, supported by robust sales of the Navara pickup truck.

In other global markets, overall production recorded a drop of 2.9% from the previous year to 353,318 units, with the exception of China and South Africa which saw increased production.


2.Sales
March
In Japan, Nissan's registrations in March dropped 15.6% year-on-year to 87,385 units. The new Skyline, launched in November, and Presage increased sales, but failed to offset declining sales of other models. The company's share of the domestic market dropped 0.7 percentage points year-on-year to 17.9%.
Including mini-vehicles, Nissan sold 111,847 units in Japan, down 10.2% from the previous year, despite strong sales of the new Pino and Otti. Market share including mini-vehicles was down 0.3 percentage points year-on-year to 14.6%.

Nissan sales in the US grew 7.8% to 111,119 units, rising year-on-year for the fourth consecutive month, boosted by sales of the new Altima, new Versa, and new Infiniti G35.

In Europe, Nissan's sales totaled 56,563 units, down 2.4% year-on-year. The new Qashqai, launched in January 2007, recorded strong sales of 10,474 units.

March 2007 and the 12 months ending March 31, 2007
Nissan's domestic registrations in March 2007 and the 12 months ending March 31, 2007 fell 17.0% from the previous year to 596,119 units. Nissan's share of domestic registrations was 16.6%, down 1.8 percentage points year-on-year.

Nissan's domestic sales, including mini-vehicles, decreased 12.1% year-on-year to 739,925 units. Sales of the mini-vehicles range including the new Moco, Otti and Pino increased, but failed to offset falling registrations of other models. Nissan's share of the domestic market, including mini-vehicles for March 2007 and the 12 months ending March 31, 2007, was 13.2%, down 1.2 percentage points.

US sales were down 3.7% year-on-year, to 1,035,003 units. Positive results from the new Versa, Murano and new Infiniti G35 sedan contributed to total sales exceeding the one-million mark for the third consecutive year.

In Europe, sales increased 0.7% year-on-year to 534,945 units.


3. Japan Exports
March
Nissan's exports in March fell 20.3% to 48,580 units compared to the same month in the previous year. Exports to North America dropped 40.4% to 15,297 units. Exports to Europe totaled 8,478 units, up 16.8%.

March 2007 and the 12 months ending March 31, 2007
Nissan's exports for March 2007 and the 12 months ending March 31, 2007 decreased 8.4% year-on-year to 617,384 units. Exports to North America dropped 7.1% from the previous year to 238,034 units. Exports to Europe fell 16.6% from the year prior to 76,978 units.

Source: Nissan

Nissan Offers Voluntary Retirement Program in Japan

Tokyo (April 24, 2007) - Nissan Motor Co. Ltd., today announced it will offer a Voluntary Retirement Program (VRP) to eligible employees in Japan. The VRP is open to salaried employees that meet the set criteria.

The VRP is one of several actions taken by Nissan to boost its competitiveness and performance in 2007. The Japan offering follows a similar VRP completed in Nissan North America, where more than double the expected number of employees accepted the package.

The VRP is primarily designed to balance staffing levels with assembly requirements, taking into account production mix and productivity gains.

The program will be offered to employees under the following criteria:

1. Eligible employees
Full-time salaried employees over 45 years old with more than 5 years of service (*Manager-level employees are not eligible.)
2. Application period
From June 1st 2007 to end of March 2008
3. Compensation
A retirement compensation package based on years of service

Source: Nissan

Saturday, April 21, 2007

Qashqai 2.0 dCi Goes into Production

Production began this week at Nissan's factory, situated in Sunderland, north-east England, of the new Qashqai compact crossover equipped with the state-of-the-art 2.0-litre dCi engine. Equipped with this engine, the Qashqai is available in both 2WD and 4WD drivetrains.

The 2.0-litre dCi engine - engine code M1D - produces 110kW (150HP) at 4000rpm and 320Nm of torque at 2000rpm, while returning a best in class fuel consumption of 6.6 litres/100km and CO2 emissions of 174g/km when fitted with manual transmission and in 2WD configuration. Nissan expects over 25% of all Qashqais sold to be equipped with this diesel engine making it the most popular engine choice among buyers.

Co-developed with Nissan's Alliance-partner Renault, the engine delivers fun-to-drive performance thanks to its powerful and torquey characteristics, but at the same time it's smooth, refined, and environmentally-friendly: it redefines diesel engine standards in the compact family and compact SUV segments. In addition to its Renault's equivalent, this engine offers unique technologies such as standard DPF and twin balancer shafts. Furthermore, it is available with a 6-speed manual or, unusually in this category of the market, a 6-speed automatic transmission. It is also Euro 4 compliant.

This level of performance was made possible by the latest generation of common-rail injection fuel system delivering 1600 bar of pressure. Piezoelectric technology supplied by Bosch gives fast, very precise control allowing a 'five squirt' injection cycle: two pre-squirts, one main squirt and two post-squirts. The pre-squirts improve engine acoustics by minimizing the characteristic diesel clatter. The post-squirts sustain the main injection combustion, to burn off soot and thus bring down pollutant emissions before the exhaust gases have even left the combustion chamber.

Acoustics was one of the engineering priorities for the new engine. The bottom of the engine, with its aluminium bedplate, was designed for higher efficiency and improved vibration absorption. Twin counter rotating balancer shafts cancel crankshaft rotary vibration, making a major contribution to refinement, especially at higher speed. Together with the use of pre-injection, these solutions ensure a very high level of noise and vibration reduction. This engine is equipped with chain-driven camshafts for the sake of acoustic comfort, but also to the benefit of reliability and service life.

Unique in this class of engines, the 2.0 dCi is equipped as standard with a Diesel Particulate Filter (DPF) with a periodic regeneration system. When the particulates that have been collected from the engine emissions reach a specified level, the engine runs a process called thermal regeneration performing a second post-injection to overheat the exhaust gas. Above a certain temperature, the soot in the filter oxidizes off, and the filter can continue trapping particulates. Exhaust gas recirculation (EGR) produces a controlled temperature rise in the combustion chamber to reduce pollutant emission levels (NOx) and thus enhance the engine's overall environment performance.

The consumption and emissions figures for the other transmission configurations are as follows: 6.9 l/100km and 184g/km for the M/T 4WD version and 7.8 l/100km and 208 g/km for the A/T 4WD version.

In the two months since sales began, Nissan has already taken an impressive number of orders for Qashqai across Europe. Early customer analysis shows that the majority of Qashqai's buyers opted for the 2WD version and previously drove a C-Segment car. This is in-line with Nissan's expectation that customers would recognise that it offers a true alternative to the traditional compact family car.

Customers are looking foward to receiving the first deliveries of the 2.0-litre diesel equipped Qashqai - 15% of all Qashqai orders already received are for this version.

Nissan's engineers at Nissan Technical Centre Europe, based both at Cranfield, in the UK and Barcelona, Spain, have specifically adapted the tune and engine mapping for the Qashqai as it is the first ever application of this 2.0 dCi engine on an model with all wheel drive transmission. Furthermore, this engine is offered for the first time with a 6-speed automatic tranmission.

At the end of April 700 Qashqais will roll out of Nissan's manufacturing plant in Sunderland (UK) everyday to satisfy demand for Qashqai across the world(1).


(1) Sunderland's Qashqai production is exported to Japan, Australia, South Africa, South America and Gulf Countries

Source: Nissan Europe

Tuesday, April 17, 2007

Nissan to Test Intelligent Transport System Using Cell Phones

- Advanced ITS using cellular communications aimed at helping to reduce pedestrian accidents

TOKYO, April 17, 2007 -- Nissan Motor Co., Ltd. announced today that it is developing an advanced Intelligent Transportation System (ITS) employing cellular communications to help reduce accidents involving pedestrians. Nissan is also conducting research on pedestrian-related communication involving the transmitting of pedestrian position data to vehicles via the Global Positioning System (GPS).

Nissan's advanced ITS will employ the next 3G cellular communications system*1, launched from this April, where the GPS function is used as the basis to provide location information of the cellular phone. In this system, location data transmitted from the pedestrian's cellular phone and vehicle is fed to the ITS to allow the system to determine the corresponding positions between the pedestrian and the vehicle. A pedestrian alert will appear onboard the vehicle to warn the driver, helping to reduce road accidents particularly in a blind-spot situation.

This advanced ITS research consists of the following process:

1) Via cellular packet communications*2, the system collects probe data*3 from the vehicle and position data from pedestrians. The received data is then computed to determine the corresponding location of the vehicle relative to the pedestrians on the road.

2) The ITS detects pedestrians ahead of the vehicle, and send a warning alert to the driver at the event of a potential conflict.

Nissan is studying what types of pedestrian data are most relevant to help prevent accidents. The research will investigate a variety of factors influencing the pedestrian-vehicle's relative positions, such as the directions in which pedestrians and the vehicle are moving, and the corresponding speeds and distances between them. Various driver alerts, such as visual warnings or audible alarms, are also under study.

Nissan is studying and developing the ITS with technical collaboration from NTT DoCoMo Inc. on cellular communications technology.

This current research aims to join and contribute to the ITS project*4, which is a Nissan experimental program conducted in Kanagawa Prefecture that begun in October 2006. The program is aimed at efforts to help reduce traffic accidents and congestion utilizing real-time driving-data collected from the vehicles. The ITS project allows Nissan to test various technology concepts and develop the most suitable technology solution for wide-scale application.

*1: Digital cellular phones that meet the International Telecommunication Union's MT-2000 specification, allowing high-speed data transfers and delivery of high-volume multi-media information, including sound, images and video. The world's first 3G service, employing the W-CDMA system, was FOMA by NTT DoCoMo, which became available in October 2001. FOMA is a registered trademark of NTT DoCoMo Inc.

*2: A method of data transfer where the data to be sent and received are divided into packets of a specific size, allowing a singular line to be shared among many users and increasing efficiency in telecommunications.

*3: Data about a specific operating vehicle, such as position and speed, received via wireless communication.

*4: The advanced road traffic system which aims to help reduce traffic accidents by using information obtained from nearby vehicles and roadside optical beacons to alert drivers to potential danger from approaching vehicles. Probe data is also utilized to ease traffic congestion, which will contribute to CO2 reduction, a major objective in the Nissan Green Program 2010.

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Source: Nissan

Wednesday, April 11, 2007

Student Leaders Selected to Study Global Environmental Issues

Sixteen college students from around the country have been selected to study conservation in the United States and Brazil through an environmental leadership program developed by Nissan North America (NNA) and World Wildlife Fund (WWF). Now in its second year, the Nissan-WWF Environmental Leadership Program provides student leaders the opportunity to examine environmental issues and become effective advocates for conservation. The program is part of a $1 million partnership between NNA and WWF which will also help support WWF field conservation projects in the United States and Brazil.

Each winner of the Nissan-WWF Environmental Leadership Award receives a $5,000 cash prize and will participate in an Environmental Leadership Summit in Washington, D.C. and Nashville, Tenn., and a research expedition in Brazil. The award recipients represent a diverse range of backgrounds and were selected based on their demonstrated leadership, academic achievement, and commitment to the environment.

"This is an opportunity for students to experience many different sides of conservation, from on-the-ground field work to policy-making to corporate environmental stewardship," said Dominique Thormann, NNA senior vice-president finance & administration. "We are proud to support WWF's conservation work for the second year, and to hopefully inspire a new, diverse group of future environmental leaders."

Each winner will be invited to attend an Environmental Leadership Summit in Washington and Nashville, June 18-23. The first part of the Summit will take place in the nation's capital, where the students will learn about conservation and environmental policymaking. They will visit institutions like the Environmental Protection Agency, the World Bank and Capitol Hill, and participate in personal development seminars and cross-cultural training activities to help prepare them for leadership roles in the global community.

In Nashville, they will participate in volunteer activities, learn about clean technology and tour a Nissan manufacturing facility. The students will also learn about Nissan’s Green Program 2010, which focuses on reducing carbon dioxide emissions, minimizing exhaust emissions and accelerating recycling efforts.

The students will take a two-week field trip to Brazil in August, where they will work side-by-side with local conservation scientists, explore the Amazon rainforest by boat and participate in local cultural activities. Carbon emissions from all program air travel will be offset by investing in renewable energy and energy efficiency projects.

"Last year, students commented on the enormous impact this program had on their personal and professional lives. For many, it was instrumental in shaping their understanding and awareness of environmental issues," said Shaun Martin, WWF director of conservation leadership programs. "We’re pleased the program will continue this year and are eager to be the vehicle for a new group of talented youth to learn about these important issues. We’re confident they will make real contributions to conservation in the future."

As part of its $1 million grant, Nissan will support WWF conservation programs in the United States and Brazil. In the United States, Nissan will continue to support WWF’s Southeastern Rivers and Streams Support Fund, which awards grants for grassroots projects to clean up polluted watersheds in Tennessee and Alabama. In Brazil, the donation will help fund regional conservation work in the Brazilian Amazon, which is plagued by illegal logging, slash-and-burn agriculture and other human impacts.

Nissan and WWF first launched the Environmental Leadership Program in 2006. Last year's student winners received a $5,000 prize, attended a four-day Environmental Leadership Summit in Washington, D.C., and traveled to South Africa for a two-week research expedition.

For more information about the Nissan-WWF Environmental Leadership Program, visit www.worldwildlife.org/nissanleaders

*Please see below for a listing of the selected students who will participate in the 2007 Nissan-WWF Environmental Leadership Program.

About Nissan North America, Inc.

In North America, Nissan’s operations include automotive styling, engineering, consumer and corporate financing, sales and marketing, distribution and manufacturing. Nissan directly employs more than 24,000 people in the United States, Canada and Mexico and generates an additional 70,000 jobs at about 1,200 Nissan and Infiniti dealerships in the United States.

Nissan’s global approach to environmental protection focuses on managing CO2 emissions; protecting the air, water and soil; and recycling of resources. Nissan places a high priority on effective environmental management, and that discipline is evident among Nissan’s research, design, engineering, manufacturing and distribution operations around the world.

More information on Nissan in North America and the complete line of Nissan and Infiniti vehicles can be found online at www.NissanUSA.com and www.infiniti.com

About World Wildlife Fund

For more than 45 years, WWF has been protecting the future of nature. The largest multinational conservation organization in the world, WWF works in 100 countries and is supported by 1.2 million members in the United States and close to 5 million globally. WWF's unique way of working combines global reach with a foundation in science, involves action at every level, from local to global, and ensures the delivery of innovative solutions that meet the needs of both people and nature. Go to www.worldwildlife.org to learn more.

* Kali Albright, Stanford University; Erin Allen, University of Michigan; Erin Byers, University of Tennessee; Robyn Chaplin, University of Tennessee; Chris Detjen, University of Michigan; Desirae Early, University of California – Berkley; Monique Fahie, Alcorn State University; Gregory Johnson, Tougaloo College; Gregory Lee, Stanford University; Nicole Leung, University of Texas – Austin; Andrew Maggetti, Wayne State University; Ngo Ky, University of California – Berkeley; Tremaine Larel Philips, Michigan Sate University; Clinton Sands, Fisk University; Anne Mariah Tapp, University of Texas – Austin; Morgan Weldon, University of Mississippi.

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Source: Nissan

Tuesday, April 10, 2007

Rockford Fosgate, Nissan Motors to Display New 2008 Nissan Titan Show-Truck at New York International Auto Show

Rockford Corporation (NASDAQ:ROFO) today announced its collaboration with Nissan, XM Satellite and other key partners to demonstrate the potential of the new 2008 long wheelbase Nissan Titan at the New York International Auto Show (NYIAS) in April 2007.

The truck, packed with audio along with aftermarket wheel and suspension treatments, will highlight the increased capabilities of the new, longer wheelbase 2008 model, which offers greater cargo and utility space than previous crew cab models.

"A powerful Rockford Fosgate audio system is perfect for this huge new truck," said Joe Dahlquist, OEM Marketing Specialist, Rockford Corporation. "When we haul several Kilowatts of amps and a couple dozen big speakers, we can get it there fast strapped down in the back of the Nissan Titan. Of course for the New York show, we'll play XM live at concert volume levels."

Rockford Fosgate's custom factory system for the Nissan Titan uses 400 watts and 9 speakers, plus an 8-inch subwoofer. Rockford Fosgate is the mobile audio leader and for over 25 years has offered performance and sound that brings out the energy in music. "Both Nissan and Rockford Fosgate share an uncommon blend of attitude, excitement and energy, it's visible in our products and serves to raise expectations of what you can have in a factory installed audio system," states Joe Dahlquist.

Taking advantage of the Nissan Titan's spacious cargo area and Utili-track Bed Channel System, Rockford Fosgate fabricated and installed an after-market audio system powered by 3,000 Watts and controlled by a 3SIXTY(R) Interactive Signal Processor. This truck carries two amplifiers, twelve 12-inch long-throw subwoofers and ten pairs of PUNCH(R) 6 1/2-inch 3-way speakers in the cargo bed. The system is capable of reproducing music at high volume levels with the power and PUNCH that's synonymous with Rockford Fosgate.

About Rockford Corporation (www.rockfordcorp.com)

Rockford is a designer, manufacturer and distributor of high-performance audio systems for the mobile audio aftermarket and for the OEM market. Rockford's mobile audio products are marketed primarily under the Rockford Fosgate, Rockford Acoustic Design and Lightning Audio brand names.

Brand websites include: www.rockfordfosgate.com , www.rockfordacousticdesign.com , www.lightningaudio.com and www.installedge.com

Source: Rockford Corporation

Wednesday, April 4, 2007

Nissan North America Environmental Update

April 3, 2007 -- The Nissan Green Program 2010 is Nissan’s vision of its commitments to all aspects of environmental management – addressing immediate challenges as well as creating the foundation for a long-term, sustainable business model.

With a specific focus on the reduction of CO2 emissions, Nissan has embraced a multi-pronged philosophy of product development, which aims to deliver in a sustainable way the right technology, at the right time, in the right market, and at the right value to the customer.

Below is a snapshot of Nissan’s current and future efforts in applying our environmental philosophy in the U.S.

EVOLUTION OF ENGINE TECHNOLOGY
o Nissan at the New York Auto Show in April will introduce an engine that incorporates the variable valve event and lift (VEL) system, capable of reducing CO2 emissions by approximately 10%. The first vehicle to have this technology in North America will be an Infiniti.

DIESEL ENGINES
o Nissan will develop new, clean diesel engines for North America to achieve the United States Tier2 BIN5 emissions standards. Nissan will launch clean diesel vehicles in the U.S. from the 2010 fiscal year.

BIO-ETHANOL CAPABLE VEHICLES
o All current Nissan gasoline engines now are capable to run on a blend of up to 10% bio-ethanol (E10).
o Nissan has introduced the Titan FFV (E85) in 2005, and the Armada FFV (E85) will be available in the U.S. this year. Nissan plans to expand the E85 lineup to other Nissan and Infiniti vehicles in the post-Nissan Value-Up period.

HYBRIDS
o Nissan launched the 2007 Nissan Altima Hybrid this February as its first entry in the hybrid electric vehicle market. With more muscle per gallon than the competition, it is the first hybrid to “drive like a Nissan,” featuring smooth acceleration, responsive handling, and a seamless delivery of power under all driving conditions.
o Nissan is planning to launch a vehicle powered by a Nissan-developed hybrid system in the U.S. in FY2010.
o Nissan is accelerating development of plug-in hybrid technologies that can utilize grid power to recharge batteries in addition to the onboard charging system.

FUEL CELL VEHICLES
o In December 2005, Nissan announced its first in-house developed fuel stack and a 70MPa high pressure storage cylinder. In the next year, Nissan will be announcing plans for its first commercially available fuel cell vehicle in the U.S. for introduction in the early part of the next decade.
o Nissan is working towards the establishment of a new company focused on the development, production and marketing of lithium-ion batteries.

ELECTRIC VEHICLES (EV)
o The next-generation electric vehicle will be introduced in Japan during the early part of the next decade, with field testing to be conducted through fiscal year 2010. After initial exploratory programs in California through the Altra EV and Hypermini EV, Nissan is studying the option of having the next generation EV for the U.S. market.

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Full details of the Nissan Green Program.

Source: Nissan