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              [html]<thead><tr><td>In addition to the above initiatives, we plan to reduce the number of Nissan LCV platforms from</td></tr></thead><tbody><tr><td>eleven to fwo. Since we can ’ t produce all our LCVs on two platforms, the others will be can -</td></tr><tr><td>derived vehicles. Two models will be introduced in 2006, both embodying the new direction of the</td></tr><tr><td>brand. The big breakthroughs, however, will come in 2007 and 2008. LCVs are functional by</td></tr><tr><td>nature, but we believe they should also be inspiring. Design chief Shiro Nakamura is a guy who</td></tr><tr><td>knows how to put out exciting products, and we ’ re going to release some that shift the image of</td></tr><tr><td>an LCV into a higher class.</td></tr><tr><td>Nissan does face some risks, of course. We have a slew of competitors, and the market is</td></tr><tr><td>relatively small. That places pressure on margins. However, the biggest potential threat we see in</td></tr><tr><td>fiscal 2005 is a rise in material costs. To mitigate these various risks, we have to clearly</td></tr><tr><td>differentiate ourselves from the competition.</td></tr><tr><td>The Alliance is integral to our LCV strategy because we share a common goal with Renault,</td></tr><tr><td>and that is to be the top LCV group in the world. The benefits of the Alliance include cross</td></tr><tr><td>badging and sharing parts. We also have a CCT, or cross - company team, with Renaulf ’ s LCV</td></tr><tr></tr></tbody>
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