Renault-Nissan expects the deal with India’s Bajaj Auto Ltd. to build an ultra low-cost car will go through after their visit to Bajaj’s plant in Pune, India. The company stated that the car will come in three brands’ badges, and expects a 2010 launch. This car will directly compete with Tata Motors’ car of $2,500, which is scheduled to be launched in 2008.
Nissan presented developing safety technology for its future cars. One technology allows cars to "judge" and anticipate dangerous situations and decrease speed and possibly stop the car on its own if the driver reacts appropriately. The second technology reads the drivers sweat on the steering wheel to measure BAC levels and warns the driver that he/she is intoxicated and shouldn't drive. The technology also detects drifting between lanes and driver drowsiness in order to help prevent car accidents caused by drinking and driving.
Nissan announced plans to release a fuel-efficient, diesel-powered version of its popular X-Trail SUV in Japan by 2008.
News of Nissan's work on a lithium-ion battery-powered engine for economy cars in India is released. Nissan hopes to launch the car within the next two years to compete with upcoming launches of sub-$3,000 cars in India.
Nissan cut its prior operating and net profit forecasts for the full-year ending March 31, 2007 by 12% each.
Nissan announces establishment of joint venture with Dongfeng Motor Co. in order to promote Nissan autos that Dongfeng imports into China.
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