Nissan Looks For GCC Growth Despite Yen Threat

Japanese carmaker Nissan Motor is looking for ways to overcome the eroded competitiveness of its exports from Japan thanks to the strengthening yen, as it aims to achieve sales growth in the markets of the Gulf Co-operation Council (GCC). Although corporate vice president for Nissan's Africa, Middle East and India division, Gilles Normand, acknowledges that the carmaker's sales in the Middle East and North Africa (MENA) are still below pre-crisis levels, he expects sales for the year ending March 2011 to 'slightly increase over

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