NISSAN ANNOUNCES ALL-NEW TERRA FRAME SUV, KEY TO ACHIEVING TARGETS OF COMPANY’S MIDTERM PLAN
Yokohama, Japan (26 February, 2018) - The all-new Nissan Terra frame-based SUV will be the first vehicle from Nissan’s frame and LCV division to launch under the company’s midterm plan, Nissan M.O.V.E to 2022, when the vehicle premieres in China this spring.
Nissan’s frame and LCV business unit, made up of frame SUVs, pickups, vans, light-duty trucks, is seen as critical to achieving the company’s midterm plan objectives.
One in every six Nissan vehicles sold globally is a frame-based vehicle or an LCV, and the company is focused on capturing this division’s full potential.
The business unit’s objectives under the midterm plan include increasing sales by more than 40 per cent by 2022 and becoming a global leader in pickups and frame-based SUVs.
“I’m very pleased to announce that the all-new Nissan Terra will soon arrive in China,” said Ashwani Gupta, senior vice president for Nissan’s frame and LCV business.
“This rugged SUV is practical, authentic, and designed to go anywhere.
“The Nissan Terra goes on sale this spring, first in China, with other Asian markets soon to follow.
“Nissan’s frame and LCV business is seeing steady growth, and with our ambitious midterm plan and growing product lineup, we’re confident that this growth will continue.
“It is an exciting time for Nissan. We have the Nissan Terra arriving soon, the award-winning Nissan Navara is now in 133 markets worldwide, and more drivers are purchasing our LCVs around the world.”
In 2017, Nissan’s global frame and LCV sales reached 907,929 vehicles - about a 7 per cent increase from the prior year.
Further information about the Nissan Terra will be available in April.
About Nissan Motor Co., Ltd.
Nissan is a global full-line vehicle manufacturer that sells more than 60 models under the Nissan, INFINITI and Datsun brands. In fiscal year 2016, the company sold 5.63 million vehicles globally, generating revenues of 11.72 trillion yen. In fiscal 2017, the company embarked on Nissan M.OV.E. to 2022, a six-year plan targeting a 30 per cent increase in annualised revenues to 16.5 trillion yen by the end of fiscal 2022, along with a core operating profit margin of 8 per cent and cumulative free cash flow of 2.5 trillion yen. As part of Nissan M.O.V.E. to 2022, the company plans to extend its leadership in electric vehicles, symbolised by the world's best-selling all-electric vehicle in history, the Nissan LEAF. Nissan’s global headquarters in Yokohama, Japan, manages operations in six regions: Asia & Oceania; Africa, the Middle East & India; China; Europe; Latin America; and North America. Nissan has a global workforce of 247,500 and has been partnered with French manufacturer Renault since 1999. In 2016, Nissan acquired a 34 per cent stake in Mitsubishi Motors. Renault-Nissan-Mitsubishi is today the world’s largest automotive partnership, with combined annual sales of more than 10 million vehicles a year.
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