Nissan Chooses China For New Car Line

Nissan Motor Co said July 6 that it would roll out a new family of cars later this year, selecting China for the new product launch for the first time. The Livina Geniss is to make its world debut at the International Motor Show in the southern Chinese city of Guangzhou later this month, the company said.

Nissan described it as a "luxurious, yet practical vehicle" seating up to seven people and powered by a 1.8-liter gasoline engine. "We expect the Livina Geniss and the other variants to become significant contributors to Nissan's growth in China and other key global markets," Nissan executive vice president Carlos Tavares.

Nissan, which is 44% owned by France's Renault, enjoyed record profits in the financial year to March but has warned shareholders to brace for falling sales in the first half of the current year.

Vehicle sales in China in the five months to May rose 30.8% year-on-year to 2.97 million units, state press reports citing the China Association of Automobile Manufacturers said last month.

Copyright Agence France-Presse, 2006

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