Nissan to up output of fuel-saving transmissions

Newswire

TOKYO, Feb 18 (Reuters) - Nissan Motor Co. Ltd. said on Friday it plans to increase annual output of fuel-saving continuously variable transmission (CVT) systems for cars. The Nihon Keizai business daily reported that Japan's second-biggest auto maker plans to spend 100 billion yen ($947.6 million) to quintuple annual output of CVTs to 2 million units by the business year to March 2009. A Nissan spokesman said details such as the size of the investment and timing, had not been decided. ...

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