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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]
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 ]
A 0% intro APR credit card can be a useful way to pay for large purchases or consolidate high-interest credit card debt, acting like a no-interest short-term loan if used responsibly. And it ...
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 Leaf was the U.S. top selling plug-in car in 2011 (9,674), and the Chevrolet Volt topped sales in 2012 (23,461). [6] Again in 2013, sales were led by the Chevrolet Volt with 23,094 units, followed by the Nissan Leaf with 22,610 cars, and the Tesla Model S with about 18,000 units. [202]
No longer was the threat limited to the Big Three automakers (General Motors, Ford, and Chrysler). The Japanese manufacturers (Honda, Toyota, and Nissan) used streamlined production methods such as outsourcing and Just In Time (JIT) supply-chain management. They had new, highly efficient assembly plants in the United States.
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The company was renamed Nissan Motor Philippines, Inc. (NMPI) in 1991. In September 2000, Yulon Motor Co. took control of NMPI from Nissan Motor Company. Since 2013, the brand has been under direct control of Nissan Motor Co, under Nissan Philippines Inc (NPI). In 2021, Nissan Philippines announced that it will shut down its Santa Rosa plant by ...
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