This introduction comes at a time of tremendous momentum for Nissan. Nissan Motor Company completed its first full fiscal year under the Nissan Revival Plan (NRP) on March 31, 2001. The NRP has begun with a strong and swift start, moving faster, reaching deeper and delivering results higher than many had anticipated. The company is on track to deliver its best consolidated financial performance in a decade when it releases financial results on May 17, 2001.
Last Friday, April 6, Nissan broke ground on a $930 million manufacturing plant in Canton, Miss. The Canton plant will have a 250,000 annual capacity and will produce a full-size truck, full-size SUV and the next generation minivan. Nissan also announced plans to expand its engine and transaxle plant in Decherd, Tenn., and to maximize vehicle production capacity utilization at its Smyrna, Tenn., vehicle assembly plant. Nissan will invest approximately $1 billion over the next four years on this project and will increase its capacity from 380,000 to 510,000 vehicles.