Nissan Withdraws from Most Motor Shows in 2009
Frankfurt, Detroit Get the Chop
By Sam Stockley
February 27, 2009 9:13 PM
Filed Under: Corporate/Financial, Industry, Japanese, Nissan
In a bid to rationalise motor show expenditure over the coming year, Nissan have cut back their attendance at international shows by over half with further potential cuts set to be made on a regional level. Last month's Detroit show was already given the chop and will remain off the table for the next fiscal year with attendance by Nissan and Infiniti brands only at New York, Shanghai and Tokyo in 2009 and Geneva in 2010.
Notably set to skip Frankfurt in September this year, Nissan join Mitsubishi in striking off the world's biggest from the motor show calendar, while makers Suzuki and Mitsubishi also took to sitting out Detroit 2009. It's all owing to a downturn in sales that have so far necessitated 20,000 global job cuts (or 8.5% of the workforce) and generated Nissan's first loss of nearly $3bn in the financial year to March.
But in cutting back on auto shows and thus the traditional new model launch tactics, Nissan plans to get creative. The company is set to introduce some 9 new models over the 2009 fiscal year and aims to mix things up a little. Their attendance at the four major international motor shows will showcase traditional debuts but 'new and innovative strategies and tactics' can also be expected. Darkened teaser shots are getting tiring, so bring on the innovative.
Press Release (Click to expand)
NISSAN STREAMLINES AUTO SHOWS FOR FISCAL YEAR 2009
TOKYO (February 27, 2009) - Nissan Motor Company, Ltd today announced that it has decided to streamline the company's participation in auto shows during fiscal year 2009, which runs from April 1, 2009, through March 31, 2010. As a result, the company has selected New York 2009, Shanghai 2009, Tokyo 2009 and Geneva 2010 as the four major international shows where the company will showcase offerings from the Nissan and Infiniti brands during the fiscal year.
The automotive industry is facing severe and prolonged headwinds throughout the world. Nissan is committed to prudent management of shareholder resources as well as to long-term success in the global market place and is reviewing marketing and communications strategies to ensure the best use of resources and maximum return on investments.
Nissan's move to streamline participation in auto shows is a short-term action and will be subject to review and amendment based on economic conditions facing the industry as well as consumers.
During fiscal year 2009 Nissan will sponsor participation for only the four major international shows outlined above. Participation in regional and local-market shows is subject to review and approval by Nissan's regional management.
The company will introduce nine new vehicles around the world during fiscal year 2009 by leveraging a mix of traditional methods such as auto shows as well as new and innovative strategies and tactics that will help to transform the way the company brings products to market and creates awareness, excitement and demand for the Nissan and Infiniti brands worldwide.
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