Nissan 2004 Annual Report Download - page 33

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Nissan Annual Report 2003 31
provides for every area of automotive need
under one roof, from new car sales through
service and parts and accessories sales.
In Taiwan, Yulon Nissan Motor, a joint
venture of Nissan and Yulon Motor
Company, will support Nissan’s presence
both in Taiwan and China at every stage
from engineering to sales and marketing.
Nissan also announced plans to increase
its investment in Siam Nissan Automobile
Co., Ltd. and Siam Motors & Nissan Co.,
Ltd., both of Thailand, from 25 percent to
75 percent. This also will enhance not only
manufacturing and sales in Thailand, but
serve as a base for expansion into the
ASEAN region. Nissan has expanded its
business activities in Egypt, purchasing
the assets of the existing manufacturing
operation. During 2004 and 2005, Nissan
will invest US$60 million in modernizing
and expanding the current facilities,
preparing Egypt as an automotive
production base for the Middle East and
North African regions. Nissan Korea Ltd.,
established in February 2004, marks the
first time that the Infiniti brand will be
marketed in a dedicated sales network
outside of North America. It will begin
sales of five Infiniti models from
mid-2005. In August 2003, Nissan
established Nissan Motors Rus, a new
Russian sales company in the country’s
growing auto market; operations began
in January 2004.
Japan dealership