Nissan pulls out of the 2009 Detroit, Chicago auto shows

[Truth Teller]

Source: Detroit Free Press

Nissan Motor Co. said today that it has decided to pull out of the 2009 North American International Auto Show as well as the 2009 Chicago Motor Show after reevaluating its marketing budget and market conditions.

And while Nissan is the first major automaker to withdraw, the news comes on the heels of news that Mitsubishi Motors Corp. has decided to cancel its plans to appear at the show and news that Rolls-Royce, Land Rover, Ferrari and Suzuki in withdrawing from the 2009 show. Porsche left the Detroit show after the 2006 event.




Read more: http://www.freep.com/article/20081124/BUSINESS01/81124062

[raystorm7]

1. I love nissans. Most reliable cars to own and easy to work on from my experience :)

[leftchick]

4. me too

I have a 2004 Nissan Quest and I love it. My last payment is in January. Yeah!

[harun]

6. My wife's 1997 200 SX has been very reliable and is still going strong.

I wasn't that big of a fan before but I can't argue with the darn thing just working and working. Which in the end is all I really care about in a vehicle.

[ksimons]

2. now THAT is a bad sign

when the auto companies don't want to invest in promotion for their cars, it's gonna be a long couple of years ahead. yikes!

[kcass1954]

3. I have a close friend who works for Nissan's ad agency -

they laid off 70 from the Nissan division last month.

[tclambert]

5. Nissan said its sales in the U.S. market for October dropped 33 percent

Toyota's dropped 26%. The US automakers aren't the only ones hurt by the credit crunch.

[mdmc]

7. they are working on becoming all electric

:toast:

[happyslug]

9. Probably view it as a way to defeat another union

Nissan has one of the worse records in the world when it comes to unions, in 1953 it endured a 100 day strike, just to break the union (The union leadership was later fired and the union itself replaced by a company controlled union, both of these acts are illegal in the US but legal in Japan).

As to their "all electric" car, that is an attempt to come out with an all electric car, not that they have any plans to cut out production of gasoline cars. Like AMC in the 1970s, Nissan was taken over by Renault, for all practical purposes, when both companies exchanged stock (Nissan received "non-voting" Renault Stock, less has less control over Renault then the French GOvernment which hold 15% of the Renault Stock, Renault received VOTING stock in Nissan and thus controls Nissan). I see both companies becoming more and more one big company, with Renault talking to GM and Cerberus o it can regain control of Jeep, Renault may be back in the US before the Decade is out).

[high density]

8. If they have no major new models, what's the point of going to the shows?

Seems like a good idea to me.