Thailand's Nissan to introduce first eco-car next year

Oct 01, 2009
Logo of Nissan. The Thai arm of Nissan Motor announced plans Thursday to produce the firm's first eco-car for the domestic and overseas market.

The Thai arm of Nissan Motor announced plans Thursday to produce the firm's first eco-car for the domestic and overseas market.

The four-year business plan aims to boost growth from 5.7 percent to a double-digit market share, said President Toru Hasegawa of (Thailand).

"I am very confident that the eco-car will succeed because it is the right , the right time in the right place," he told reporters.

Hasegawa said the company will produce its first 30,000 units over 12 months from March next year, and will meet a target of 100,000 by 2012. Two-thirds will be exported.

"Thailand will be the export hub of the eco-car for Asia," Hasegawa added.

The company said it plans to invest more than five billion baht (150 million dollars) in the project.

(c) 2009 AFP

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JaedenX
not rated yet Oct 26, 2009
Car buyers have become fewer over the last year or so, as available credit for things such as cars and other big ticket items such as boats and houses and so forth has dropped off the face of the earth. Car buyers are faced with a scarcity of credit, but a surplus of vehicles. Coming up with a down payment is one of the harder parts of securing financing, and some people usually trade in as their down payments. Some people are diligent and determined enough to come up with a cash down payment on the loan for their new auto, and some car buyers are using installment loans for just that purpose.