Nissan Motor Co., Ltd. confirmed a three-year extension to its global partnership with the UEFA Champions League, including the UEFA Super Cup. Legend Gareth Bale celebrated the announcement by surprising a group of schoolchildren in Madrid, Spain and teaching them how to recreate his iconic winning goal from the 2014 final against Club Atlético de Madrid.

Following the success of the relaunched Patrol Super Safari 5-door earlier this year, Nissan has once again responded to the demands of the Gulf's 4WD-loving motorists. This time it's the 3-door version of the Patrol Super Safari - also known as the Hard Top version - that is being re-launched, to the delight of the region's off-road enthusiasts.

Nissan Motor Co., Ltd. announced first quarter financial results for the three months to June 30, 2017.

Nissan generated an operating profit of 153.3 billion yen on net revenues of 2.76 trillion yen. Overall, results were in line with the company's expectations for the first quarter and the company expects improved profitability for the remainder of the year driven by its product cadence.

Fiscal Year 2017 First Quarter Financial Highlights
The following table summarizes Nissan's financial results for the three-month period to June 30, 2017, calculated under the equity accounting method for the Group's China joint venture. Operating profits declined 12.8% compared to the prior year primarily due to the conditional change resulting from the divestiture of Calsonic Kansei, rising raw material costs, and adverse foreign exchange impacts. Net income was down 1.1%.

First Quarter FY17
(TSE report basis - China JV equity basis)

Yen in billions

First Quarter FY16

First Quarter FY17

% change year on year

Revenues

2,654.5

2,760.4

+4.0

Operating profit

175.8

153.3

-12.8

Operating margin %

6.6

5.6

-1.0

Ordinary profit

198.2

189.6

-4.4

Net income2

136.4

134.9

-1.1

On a management pro forma basis, which includes the proportionate consolidation of results from Nissan's joint venture operation in China, operating profit was 185.7 billion yen on net revenues of 3.03 trillion yen, representing a margin of 6.1%.

Sales performance
For the first quarter, Nissan total unit sales were 1.351 million units, an increase of 5%. Sales in Japan continued to improve following the resumption of Kei car sales and encouraging strong demand for registered vehicles, including models such as the Note e-POWER and the Serena with ProPILOT autonomous drive technology. Nissan saw unit sales rise by 45.6% to 131,000 units, resulting in a market share improvement of 2.6 points to 10.9%.

In the U.S., Nissan's sales increased 1.2% to 403,000, equivalent to a market share increase of 0.4 points to 9.1%, amid continued demand for SUVs including the Rogue and recently launched Rogue Sport.

Nissan unit sales in China, which reports figures on a calendar year basis, increased 5.3% to 314,000 units. The market share in China was flat at 4.7% for the quarter.

In Europe, including Russia, Nissan's sales totaled 185,000 units, an increase of 1.1%. Excluding Russia, Nissan's sales decreased 0.2% to 162,000 units due primarily to planned model changeovers. Nissan's market share in Europe was flat at 3.6%.

In other markets, including Asia and Oceania, Latin America, the Middle East and Africa, Nissan's sales increased 1.2% to 188,000 units despite volatile demand in some markets.

Outlook
As previously stated this past May, the company expects to sell 5.83 million units in fiscal 2017 as models such as the Rogue Sport, refreshed Qashqai and X-Trail, Kicks, Navara, and the all-new Nissan LEAF are expected to contribute to sales growth for the year as a whole.

Given this outlook, the company has maintained its fiscal-year forecasts. Calculated under the equity accounting method for Nissan's joint venture in China, the forecasts for the fiscal year ending March 31, 2018 remain:

Nissan FY17 Outlook - TSE report basis - China JV equity basis

Net revenue

¥11.8 trillion

Operating profit

¥685 billion

Net income2

¥535 billion

Nissan also continues to forecast a 10.4% increase in the dividend to 53 yen per share for fiscal year 2017.

Since pioneering the segment with the Murano back in 2003 before following up with the X-Trail, Qashqai and Juke, Nissan has dominated the global market in crossover vehicles. That dominance has been underscored in the Middle East with Nissan capturing almost 60% of small urban crossover sales in the region. The Juke and newly launched Kicks models are vying for top spot in different markets.

The Menon family from Dubai had a double cause for celebration as a result of the recent ICC Champions Trophy 2017, held in England and Wales.

Bader El Houssami has joined Nissan Saudi Arabia as Chief Operating Officer, effective July 1st. Based in Jeddah, Bader takes over responsibility for Nissan's day-to-day operational functions as the company continues to consolidate its robust position within the Kingdom's fiercely competitive automotive market.

Following Maxima's footprint

"The revamped design of the Altima gives it an upscale vibe similar to the Maxima."

"Although the crossover segment is taking from the sedan segment, the Altima is still the best-selling car for Nissan."

"The 2017 Nissan Altima ticks most of the basic options and is as roomy as you'd expect!" said Issam.

Family adventure-ready

"New 3.5-liter V6 engine adds direct injection system, horsepower increases to 271, with towing capacity of 1,500 KG."

"Major redesign includes bold new front end with signature boomerang-shaped headlights with LED daytime running lights and available LED headlights."

"Enhanced user friendliness features range from motion-activated liftgate to a new touchscreen monitor to be added for the first time in the Nissan lineup in the Middle East."

"Steering has been sharpened so less input is required to turn the wheels, permitting the Pathfinder to move effortlessly," said Issam.

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Autoshows Calendar

National Shows

  • Dubai Motorshow 2017 (Nov 14-Nov 18, 2017)

International Show

  • Frankfurt Motorshow 2017 (Sep 12-Sep 24, 2017)
  • Tokyo Motorshow 2017 (Oct 25-Nov 5, 2017)

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