Current Developments
In 2010, Nissan announced that its hybrid technology is no longer based on Toyota's.
On April 7, 2010, Daimler AG exchanged a 3.9% share of its holdings for 3.9% from both Nissan and Renault. This triple alliance allows for the increased sharing of technology and development costs, encouraging global cooperation and mutual development.
The Nissan Note and Qashqai in the UK are both produced at their UK factory in Washington, Tyne & Wear. On January 9, 2009, it was announced that 1,200 jobs were to be cut at the Washington plant. The decision was blamed on economic reasons, including a downturn in the car selling market. Nissan's senior vice-president for manufacturing in Europe, Trevor Mann, said the company was "right-sizing our operations to the market demand."
Nissan also produces cars at its factory at Roslyn, near Pretoria, South Africa.
Nissan North America relocated its headquarters from Gardena, California to the Nashville, Tennessee area in July 2006. A new headquarters, Nissan Americas, was dedicated on July 22, 2008, in Cool Springs (Nashville, Tennessee). Approximately 1500 employees work in the facility.
On June 30, 2006, General Motors convened an emergency board meeting to discuss a proposal by shareholder Kirk Kerkorian to form an alliance between GM and Renault-Nissan. On October 4, 2006, however, GM and Nissan terminated talks because of the chasm between the two companies related to compensation to GM from Nissan.
On May 17, 2006 Nissan released the Atlas 20 hybrid truck in Japan. It released a Cabstar hybrid truck at the 2006 Hannover Fair.
The company's head office moved from Tokyo back to Yokohama in August 2009.
On February 23, 2008 the Tamil Nadu state government (India) signed a memorandum of understanding (MoU) with auto manufacturing consortium, Mahindra-Renault- Nissan to set up a production unit at Oragadam in suburban Chennai.
The consortium comprising Indian auto major Mahindra and Mahindra, Renault (France) and Nissan (Japan) will begin with an initial investment of Rs4000 crore to manufacture nearly 50,000 tractors every year other than cars, utility vehicles and spare parts. The project is expected to increase Tamil Nadu’s Gross Domestic Product (GDP) by Rs18,000 crore annually while providing 41,000 jobs.
Nissan began development of fuel-cell vehicles (FCVs) in 1996 and launched limited lease sales of the X-Trail FCV in Japan in fiscal year 2003.
In 2002, Toyota and Nissan agree to tie-up on hybrid technologies, and in 2004, Nissan unveiled the Altima hybrid prototype.
Read more about this topic: Nissan Motor Company
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