Nissan Announces Plans for New Manufacturing Plant in St.Petersburg, Russia

Moscow (ots/PRNewswire) - Nissan Motor Co., Ltd., today announced
plans to invest US$200 million (5.5 billion Rubles) in a new
assembly plant in St. Petersburg, Russia. The announcement was made
in Tokyo by President and CEO, Carlos Ghosn, during a press
conference for the 2005 fiscal year results. Production will begin in
2009. The plan is subject to the approval and signing of an agreement
with Russia's Ministry of Economic Development and Trade.

When fully operational, the plant will employ around 750 people
with a currently planned capacity of up to 50,000 units per year. The
plant will produce a variety of vehicles specifically adapted for the
Russian market.

"Russia has been a very successful market for Nissan and we see
great prospects for the future," said Ghosn. "Russia is an important
part of our global growth strategy. This investment demonstrates our
confidence in the high potential of the Russian economy," continued
Ghosn.

The factors that led to the selection of the St. Petersburg site
include an available, high-quality work force, attractive location
and infrastructure, a supportive business climate and the commitment
from the regional government.

"The continued growth of the Russian market, and Nissan's presence
in that market, was a key factor in deciding to start local
production," said Colin Dodge, senior vice president, manufacturing,
purchasing and supply chain management, Nissan Europe. "We are
confident this plant will build upon Nissan's reputation as an
efficient and flexible manufacturer of high quality, attractive
vehicles aimed at satisfying the needs of our Russian customers,"
Dodge continued.

Established in August 2003, Nissan Motor Rus (NMR) is a Nissan
national sales company. Based in Moscow, NMR began commercial
operations on January 1, 2004 and currently employs 100 people. NMR
distributes Nissan vehicles and parts across the Russian dealer
network, which currently comprises around 30 sales outlets. In 2003,
Nissan sold 9,470 units. Following the establishment of its
wholly-owned national sales company, sales grew significantly in 2004
(28,436 units) and continued in 2005 (46,485 units). Russia will
become the first European market to offer the Infiniti luxury brand
with a planned launch in the fall of 2006.

Contacts:

Tatjana Natarova - Nissan Russia Communications - +79-165-580-022

Scott Vazin - Nissan Europe Communications - +33(0)1-30-13-6765

Keiko Tanaka - Nissan Japan Communications - +81-3-5565-2141

ots Originaltext: Nissan Motor Co., Ltd.
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Contacts: Tatjana Natarova - Nissan Russia Communications -
+79-165-580-022. Scott Vazin - Nissan Europe Communications -
+33(0)1-30-13-6765. Keiko Tanaka - Nissan Japan Communications -
+81-3-5565-2141