Nissan Exec: Electric Cars Profitable in 3 Years

Thursday, 18 Nov 2010 07:00 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

Nissan Motor Co. and Renault SA Chief Executive Officer Carlos Ghosn said the alliance’s electric cars business may be profitable within three years as the two automakers plan to introduce new models.

“There are customers who want really zero emission cars,” Ghosn said in an interview with Bloomberg Television in New York yesterday. “This segment is going to grow with time.”

Ghosn has predicted battery-powered autos may account for 10 percent of global auto sales by 2020. Higher oil prices, tighter government emission rules and concern such pollution contributes to climate change have prompted Nissan, Toyota Motor Corp. and other automakers to develop electric cars.

The Renault-Nissan alliance has said it will have an annual capacity to build 500,000 electric cars by 2012. The carmakers plan to introduce at least eight electric vehicles including the Leaf, the partners have said, without specifying a timeframe.

“When we will be reaching this level, overall product lineup will be profitable,” Ghosn said. “This may happen within next three years.”

Yokohama, Japan-based Nissan plans to sell as many as 25,000 units of the $32,780 Leaf in the U.S. during the model’s first year, following its introduction this year.

Nissan rose 0.8 percent to 800 yen at the 3 p.m. close of trading in Tokyo. The stock has declined 1.2 percent this year, compared with a 4.3 percent drop in the Topix index.


© Copyright 2014 Bloomberg News. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Methane on Mars Spikes Frequently, but Source Unknown

Tuesday, 16 Dec 2014 13:54 PM

Methane, a gas that on Earth comes mainly from living organisms, spikes regularly on Mars but scientists have not been a . . .

Humanoid Robot Flies Across Atlantic, in Economy Style

Tuesday, 16 Dec 2014 08:09 AM

A humanoid-looking robot named Athena that scientists hope will one day be useful in aiding at disaster sites, like the  . . .

NASA Builds $349M Tower, Then Promptly Mothballs It

Tuesday, 16 Dec 2014 07:28 AM

A massive $349 million NASA tower completed in June has been "mothballed" in Gulfport, Mississippi, without ever being u . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved