TOKYO, April 23 (Reuters) - Japan's Nissan Motor Co said on Wednesday it had erased its net automotive debt as of March 31, the end of the last business year, delivering on one of the promises under its growth plan two years ahead of schedule. Japan's third-largest automaker said it now had a positive balance of eight billion yen ($66.7 million), compared with a net debt of 270.1 billion yen at the end of September. Before restructuring began in 1999, that figure was 2.1 trillion yen. ...
Premium Content (PAID Subscription Required)
"Nissan says erased net automotive debt in FY02/03" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.