Nissan Sells Revamped Version of Teana Sedan in Japan

03/06/2008 06:19. “san Mortor Co.,Ltd. COO Toshiyuki poses for photo as he unveils Nissan’s new “Teana” at the company’s headquarters in Tokyo, Japan, Monday, June. 2.” // MorungExpress

02/06/2008 12:54. June 2 (Bloomberg) -- Nissan Motor Co. , Japan's third- largest automaker, introduced a new version of the Teana sedan for the first time since the car's debut in 2003 to help spur domestic sales.

The revamped Teana is priced between 2.47 million yen ($23,400) and 3.95 million yen, the Tokyo-based automaker said in a statement today. The company plans to sell 1,000 units a month.

Nissan, 44 percent owned by Renault SA, is releasing new models to attract customers in a market that is shrinking because of a sluggish economy. Industrywide demand may fall 0.3 percent in the same period, according to the Japan Automobile Manufacturers Association.

``We aim to stimulate the sedan market, which accounts for about 20 percent of overall demand,'' Nissan Chief Operating Officer Toshiyuki Shiga... // Bloomberg