text: <html>
          <head> <meta charset="UTF-8">
          <style>
          table, th, td {
              border: 1px solid black;
              font-size: 10px;
          }
          </style> </head>
          <body>
          <table frame="hsides" rules="groups" width="100%%">
              [html]<thead><tr><td>" Europe is one of the most fragmented automotive</td><td>Nissan is still a small player in the region, selling 550.000 cars across a very large and diverse territory that stretches</td><td>market in the world and intervention a highly competitive one besidence besides. Despite or up / designed interventions and size. Signally relatively smarkers, and size, however, energy to have beeput to participants the participanti</td></tr></thead><tbody><tr><td>from the Afaetic Ocean to Riussia, and from Finland to brael, In the past we covered the area through multiple distribution channels, which we are currently in the process of simplifying. A few aspects of the European market have made profo</td><td>Europe. In fact, although Prescribers the levels of profilability here the levels of profilability here t. S. or other markets generate, we surpassed</td><td>transmissions. The cars must also be engineered to suit the high driving speeds typical in the region and ensure superior handling, which results in higher cods. As in many other mature markets, an incentive war is ransions in Funnee. Nins</td></tr><tr><td>--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------</td><td>use incentives selectively and to always protect profitability. Providing products which customers recognize and appreciate for their style and attributes rather than being the</td><td>The brand is strongly associated with 4a4ay, off - road vehicles and pickup trucks.</td></tr><tr><td>now have a wide range of products, five of which were newly launched in 2005, including the Pathfinder and the Navara</td><td>there is also a solid heritage built around a model designed for urban driving. Bothnd second generations of this car were veryJ, and the third generation is performing</td><td>pickup. We will release the Micra C + C at the Frankfurt Michor Show in September, giving customers the option of a unique standard glass roof in a fully retracting hard convertible top. Nissan ’ s manufacturing still defines the leading edg</td></tr><tr><td>Nursing and cases our 464 heritage and SUV strength assenger car segment, Nissan is developing</td><td>Europe. According to The Harbour Report, our plant in Sunderland is the most productive plant in Europe. Surgeriand will scheft production on a new R - severely rar</td><td>crossover vehicles that blend car - ike nce with 4x4 versatility. The Qashgai concept troduced at the 2004 Geneva Motor Show is f these — smaller, more affordable, and</td></tr><tr><td>Sunderland will start production on a new 8 - segment car based on the Tone concept car in early 2006, followed by the Qashqai crossover vehicle in early 2007. Our Barcelona plant, which manufactures SUVs, 44 - and light</td><td>Controls to European roads. The Qashqai will oduction in our plant in Sunderland in the</td><td>commercial vehicles, will reach full capacity in mid - 2005. Finally, our truck plant in Avila, Spain, which specializes in</td></tr><tr><td>3007. The Murano, launched this year, is or to the Qashqai in the larger executive Europeans have already taken to the</td><td>light - duty trucks, will start producing a replacement for the popular Cabstar in late 2006. This efficient production base is a critical part of our profilable growth scenario.</td><td>Interviewers without survival forecasts in ts. This car is helping make Nissan a brand le aspire to own.</td></tr><tr><td>NSSSAN Value - Up has given us a plan for building both profit and volume. We will not, however, sacrifice profit to gain volume. How far we can go depends on how fact we deliver results. I believe that we have much more room to grow, and to demons</td></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr></tbody>
          </table> </body> </html>