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Nissan to Sell Renault Samsung-Built Sedan Globally.

Tokyo, Japan, Nov 24, 2005 - (JCN Newswire) - Nissan Motor Co., Ltd., announced today it plans to sell the SM3 compact sedan model produced by Renault Samsung Motors (RSM) in Korea in various markets around the world starting next year.

RSM will begin production of the new generation SM3 sedan for Nissan at its Busan plant in January 2006. RSM has been producing the SM3, originally derived from a Nissan product, for sale in the domestic Korean market under its own brand since 2002. Sales of the new SM3 began this August.

This marks the first time for Nissan to source vehicles for export from Korea, and takes advantage of opportunities provided through the Renault-Nissan Alliance. RSM will produce up to 30,000 units on average a year for Nissan.

The RSM SM3 sedan is derived from the Nissan N16 model - already sold around the world under various brand names including Sunny and Almera. In order to be sold as a Nissan model, the SM3 sedan will have a number of exterior and interior features changed to be consistent with the Nissan brand.

About Nissan Motor Co., Ltd.

Nissan Motor Co., Ltd. was established in 1933 to manufacture and market the Datsun, a small passenger car, and related automotive components. The company markets a wide range of passenger cars, commercial vans, trucks and buses, parts and components in over one hundred and seventy countries. The company has also expanded its operations to include forklifts, textile machinery and other industrial machinery and equipment. Nissan's affiliation with French automaker Renault in 1999 has helped produce Nissan's best results in a decade. The company has three hundred and forty two consolidated subsidiaries worldwide.

Source: Nissan Motor Co., Ltd.

Nissan Motor Co., Ltd.
Corporate Communications Department

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Publication:JCN Newswires
Geographic Code:9JAPA
Date:Nov 25, 2005
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