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Non-Tech : Nissan Motors (NSANY) -- Ignore unavailable to you. Want to Upgrade?

To: Mark T. Heath who wrote (45)	5/16/1998 6:54:00 AM
From: EPS	Respond to of 124

Nissan Motor To Consolidate Dealer Networks In Japan Dow Jones Online News, Friday, May 15, 1998 at 16:03 TOKYO -(Dow Jones)- Looking to streamline its domestic sales operations, Nissan Motor Co. plans to consolidate its four dealership networks into two by fiscal 2000, according to the Nihon Keizai Shimbun's Saturday morning edition. Nissan (NSANY), which is currently discussing a business venture with Daimler-Benz AG, hopes to capture a larger share of the domestic market. The company apparently concluded that restructuring its dealership channels was necessary to boost domestic sales. Starting this fiscal year, Nissan will consolidate the head offices of its sales companies by region and review the models offered by different dealerships. Under its streamlining plan, Nissan will merge the Nissan and Motor brand networks and combine the Sunny and Prince brand channels as well. In fiscal 1997, Nissan's domestic sales dropped below one million units for the first time in 26 years. Copyright (c) 1998 Dow Jones & Company, Inc.

To: Mark T. Heath who wrote (45)	5/16/1998 6:57:00 AM
From: EPS	Respond to of 124

Nissan May Stop Making Cars In New Zealand By June Over Tax Issue Dow Jones Online News, Friday, May 15, 1998 at 02:22 (Published on Thursday, May 14, 1998 at 23:17) WELLINGTON -(Dow Jones)- Nissan Motor Co. will halt auto production in New Zealand earlier than previously projected following the New Zealand government's decision to end all tariffs on imported cars, Nissan Ltd. spokesman John Manley said Friday. Manley, however, told Dow Jones Newswires no final date had been set for when the last car will come off the assembly line. Local media reports earlier reported Nissan would bring forward its previous decision to halt local auto production to June, instead of in October as had been previously announced. Manley said while no date had in fact been set, at this stage it would likely be early July at the latest. Late last year, the New Zealand government had said it intended to introduce a tariff-rate reduction time-table for import taxes from 22.5% to 20.0% on July 1, 1998, to 17.5% on July 1, 1999, to 15% on July 1, 2000, and then nothing on Dec. 1, 2000. These tariffs, however, were abruptly eliminated Thursday. New Zealand's decision to scrap tax on auto imports makes local assembly unprofitable. Both Mitsubishi Motors Corp. and Honda Motor Co. have already announced plans to shut down factories in the country. Nissan (NSANY), the second-largest auto maker in Japan after Toyota Motor Corp., has been assembling Primeras, Cefiros, Pulsar and other models at its North Island plant, which employs about 440 and turns out some 6,000 cars a year. Local output will be replaced by imports from Japan. Copyright (c) 1998 Dow Jones & Company, Inc. All Rights Reserved.

To: Mark T. Heath who wrote (45)	5/16/1998 7:00:00 AM
From: EPS	Read Replies (1) \| Respond to of 124

Circuit City April Sales Rose 17%; CarMax Unit Signs Nissan Deal Dow Jones Online News, Wednesday, May 06, 1998 at 11:54 RICHMOND, Va. -(Dow Jones)- Circuit City Stores Inc. reported Wednesday that total sales rose 17% to $675.3 million in April from a year ago. Sales at stores open at least a year, known as same-store sales, rose 1% at its Circuit City Group unit but fell 9% at its CarMax Group. Meanwhile, the company's CarMax Group (KMX) announced a deal to acquire Nissan auto dealerships in the U.S. Terms weren't disclosed. CarMax sells new and used cars and light trucks. Under the agreement, CarMax can acquire existing Nissan franchises throughout the U.S., obtain new franchise points, and integrate Nissan franchises into CarMax superstores or operate them as stand-alone locations. CarMax will receive a Carson, Calif., location as part of the deal, but specifics of locations for other Nissan dealerships to be owned and operated by CarMax weren't announced. Circuit City said the agreement provides the opportunity to expand CarMax's new-car retailing business, and added that the Carson location is a "key element" in CarMax's plan to penetrate the Los Angeles market with superstores, starting in 1999. CarMax Group's total sales in April rose 85% to $103.8 million from $56 million a year ago. Circuit City Stores said CarMax's April sales were below its expectations, although new car sales were "healthy." Nissan Motor Corp. USA, based in Carson, Calif., is the sales and marketing unit of Nissan North America Inc., which is a unit of Nissan Motor Co. (NSANY). Meanwhile, Circuit City Stores said Circuit City Group's total sales in April rose 10% to $571.5 million from $520.8 million a year ago. The Circuit City Group stores sell consumer electronics, appliances, personal computers and music software. Copyright (c) 1998 Dow Jones & Company, Inc. All Rights Reserved.