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Rebates, employee pricing, and 0% financing boosted sales but drained the automaker's cash reserves. The subprime mortgage crisis and high oil prices of 2008 caused the popularity of once best-selling trucks and SUVs to plummet. Automakers were forced to continue offering heavy incentives to help clear excess inventory. [91]
The financial mathematics behind the 0% finance scheme is somewhat complex, as the calculation differs with respect to the type of product and the country. [1] These deals are offered by finance companies or banks in conjunction with a manufacturer or dealer network. The schemes offer "zero percent" finance, where a customer pays for the ...
Both the Nissan Leaf electric vehicle and the Chevrolet Volt plug-in hybrid, launched in December 2010, are eligible for the maximum $7,500 tax credit. [277] The Toyota Prius Plug-in Hybrid , released in January 2012, was eligible for a $2,500 tax credit due to its smaller battery capacity of 5.2 kWh. [ 278 ]
In December 2010, Mitsubishi and Nissan agreed to form a joint venture (later named "NMKV Co., Ltd.") to develop kei cars for the Japanese market. [58] In 2016, Nissan uncovered evidence that Mitsubishi's fuel-economy testing numbers were erroneous and had been erroneous since the start of the venture, affecting 625,000 cars produced by NMKV. [32]
The Nissan Juke (Japanese: 日産・ジューク, Hepburn: Nissan Jūku) is a subcompact crossover SUV produced by the Japanese car manufacturer Nissan since 2010. Debuted as a production vehicle at the 2010 Geneva Motor Show in March, it was introduced to North America at the 2010 New York International Auto Show to be sold for the 2011 model year as the smallest crossover in Nissan's lineup ...
Don't rely on bloviating pundits to tell you who'll prevail on Hollywood's big night. The Huffington Post crunched the stats on every Oscar nominee of the past 30 years to produce a scientific metric for predicting the winners at the 2013 Academy Awards.
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