Executive Vice President Andy Palmer announces that Nissan will establish a global headquarters for Infiniti in Hong Kong from April 2012. This is a big move for the automaker and demonstrates the huge importance of the Chinese car market, particularly for luxury brands like Infiniti.
As the US auto market continues to resurge, Nissan is reporting higher profits in both the US and Chinese markets than anywhere else. Preliminary forecasts suggest that profits should more than triple over the coming year as demand finally starts to make a comeback. Nissan also has new products coming to both markets over the course of the year, which will no doubt boost brand sales across the board.
From AutoNews.com:
CEO expects Nissan’s sales in China to increase 14 percent this fiscal year, while North American deliveries may increase 13 percent to 1.2 million as the world’s second-largest auto market recovers from a recession.
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