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JAPAN-AUTOMOBILES NISSAN POSTPONES SALES OF NEW
11/04/1999 EFE News Service Copyright (C) 1999 EFE News
(U.S.) Inc.; Source: World Reporter (TM)
Tokyo, Nov 4 (EFE).- Japanese automobile manufacturer Nissan
postpone the start of sales of its new hybrid vehicle, which
an electric motor with an internal combustion engine, due
uncertainty about its profitability, said company officials
The second largest Japanese auto maker, which is currently
a restructuring plan that includes the laying off of 21,000
over the next few years, feels that it is "too early" to
marketing the vehicle, a company spokesman told EFE. To satisfy
strong demand for environmentally friendly vehicles that is
for the coming years, in 1997 Toyota began to develop the Prius,
first mass-produced hybrid car in the world, and Honda launched
similar auto called the Insight - which also carries a similar price
Japan's Nissan puts off hybrid car launch
Agence France-Presse (Copyright
TOKYO, Nov 4 (AFP) - Japan's Nissan Motor Co. Ltd. has
put off the launch of a low-pollution hybrid car because of
involved, a company spokesman said Thursday.
"We initially expected the sales (of a hybrid car) would
year, but now we need to consider costs and other details," he
as the company began a major cost-cutting restructure. The auto
had already developed technology for a hybrid car, powered
by gasoline and electricity, but it was now "considering when
company will start sales," he said.
But Nissan still wanted to sell the new car "at the earliest
time," he said.
Nissan's new number two, senior Renault SA executive Carlos
unveiled a huge restructuring plan last month, promising to shut
five plants and cut 21,000 jobs to grapple with huge
Renault has a controlling stake in Nissan following a deal
March that created the world's fourth-largest car
The decision to postpone launching a hybrid car marks a
Nissan's traditional policy of shadowing the moves of Japan's
car manufacturer, Toyota Motor Corp.
In 1997, Toyota became the first car maker to sell a hybrid
despite having to sacrifice profits to do so.
Toyota is building its successor, the first four-wheel-drive
the HV-M4. The six-seater minivan was exhibited at the Tokyo
Show last month.
Honda Motor Co. Ltd. started selling its first hybrid car in
in Japan, equipped with the world's most fuel-efficient
Honda's two-seater Insight car is powered by a gasoline
when extra power is needed an electric motor kicks in to
acceleration and low fuel consumption. shi-mis/djw/sls
Copyright 1998, Agence France-Presse. All rights
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Washington DC 20005 USA Tel 202-414-0601/02, Fax