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Nissan to up production by over 17 percent

Nissan Motor Co aims to boost its global production by more than 17 percent to an all-time high of 3.69 million units in fiscal 2010, the Nikkei business daily reported on Tuesday.


A model poses beside a new Nissan car by Japanese carmaker Nissan Motor company. AFP

Nissan, Japan's third-biggest automaker held 44 percent by Renault SA , said it will churn out 1.85 million vehicles during the April-September half, up 32.3 percent from a year earlier, the Nikkei said.

The following six months will register output of 1.84 million units to 1.93 million units, up 5 to 10 percent from projection for the second half of fiscal 2009.

The Micra subcompact vehicle, which Nissan began manufacturing in Thailand this month, would likely lift overall output, the business daily said. The vehicle's Indian production is set to begin in May and Chinese output later on.

Nissan plans to produce 80,000 to 90,000 Micras in both Thailand and India next fiscal year, to supply local markets, and also for exports to Japan, Europe and Southeast Asia, the Nikkei said. The newspaper said Nissan plans to hire additional 600 workers at its St. Petersburg plant to operate a second shift starting in June.

It also aims to expand in the Russian market by launching the Murano sport utility vehicle as its third model there at the beginning of 2011.

For the next fiscal year, the automaker aims to increase its manufacturing at home by 9.7 percent to 1.13 million units, the Nikkei said.

Nissan hopes to stimulate demand by debuting eight vehicles, including the Leaf electric car and the Juke SUV despite concerns that Japanese sales will slow once the government ends subsidies in October, the daily said. REUTERS

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