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MarketScreener Homepage  >  Equities  >  Tokyo  >  Nissan Motor Co Ltd    7201   JP3672400003

NISSAN MOTOR CO LTD

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Nissan Motor Co., Ltd. : Japan's Prime Minister Rides in Nissan LEAF for first Autonomous Drive Public Road Test

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11/09/2013 | 02:57am EST

November 9, 2013

Japan's Prime Minister Rides in Nissan LEAF for first Autonomous
Drive Public Road Test

TOKYO, Japan (November 9, 2013) - Nissan's revolutionary Autonomous Drive test car has taken to the public roads in Japan for the first time, with the country's Prime Minister Shinzo Abe on board. The all-electric Nissan LEAF vehicle, which was the first with autonomous drive capability to be granted a license plate in Japan, drove on the roads around the National Diet Front Garden, a public park in the center of Tokyo between Japan's parliament and the Imperial Palace.

The attendance of the Prime Minister underlines the support of Japan's government for the development of autonomously driven vehicles, which have the potential to become a prime factor in Japan's economic growth. The historic event was made possible through the support and planning of the Ministry of Economy, Trade, and Industry. The three participating domestic motor companies worked with the close cooperation with the related ministries and government offices.

"With the public road demonstration for the Autonomous Drive held in the presence of the Prime Minister, I believe that a great step has been taken towards the realization of Autonomous Drive. Nissan will pursue a safer, more comfortable and environmentally-friendly mobility by further fortifying our cooperative relations with the many government agencies and people involved." Nissan Vice Chairman Toshiyuki Shiga said.

The all-electric Nissan LEAF is serving as a base vehicle for the development of autonomous drive technology. Driving on public roads is made possible with technology to detect road conditions. The vehicle is equipped with cameras, laser scanners and radar, which identify nearby pedestrians, traffic lights, traffic signs and other objects. The data is processed by an on-board computer that makes decisions which are implemented with automatically-operated controls for the vehicle's acceleration, handling, brakes and more.

Nissan first revealed the autonomous drive prototype technology at "Nissan 360", a vast test drive and product showcase event held in California in August-September 2013. The company announced it will be ready with commercially-viable Autonomous Drive by 2020, and the technology will be available across the model range within two vehicle generations. Work has begun on a purpose-built Autonomous Drive proving ground at a Nissan facility in Japan to test the vehicles in extreme situations to ensure the technology is safe. Nissan engineers and researchers are collaborating with top-flight universities and institutions around the world as they continue efforts to make commercially-viable Autonomous Drive a reality.

About Nissan Motor Co.
Nissan Motor Co., Ltd., Japan's second-largest automotive company, is headquartered in Yokohama, Japan, and is part of the Renault-Nissan Alliance. Operating with approximately 236,000 employees globally, Nissan sold more than 4.9 million vehicles and generated revenue of 9.6 trillion yen (USD 116.16 billion) in fiscal 2012. Nissan delivers a comprehensive range of over 60 models under the Nissan and Infiniti brands. In 2010, Nissan introduced the Nissan LEAF, and continues to lead in zero-emission mobility. The LEAF, the first mass-market, pure-electric vehicle launched globally, is now the best-selling EV in history.

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Financials (JPY)
Sales 2019 11 763 B
EBIT 2019 -
Net income 2019 506 B
Debt 2019 6 545 B
Yield 2019 5,99%
P/E ratio 2019 7,37
P/E ratio 2020 6,85
EV / Sales 2019 0,90x
EV / Sales 2020 0,88x
Capitalization 4 002 B
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Number of Analysts 20
Average target price 1 027  JPY
Spread / Average Target 8,3%
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Hiroto Saikawa Vice Chairman, President & Chief Executive Officer
Hiroshi Karube Chief Financial Officer
Takao Asami Senior Managing Executive Officer & Head-Research
Anthony Thomas Chief Information Officer & Corporate VP
Carlos Ghosn Bichara Director
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