Friday Statement Regarding Status of Japanese Earthquake and Impact on Nissan Americas Operations

FRANKLIN, Tenn., March 18, 2011 /PRNewswire/ -- It has been one week since the earthquake in Japan and Nissan Motor Co., Ltd and its affiliates have made solid progress in assessing the impact to operations and securing the continued safety of its employees. The following statement will serve as an update that is current as of today's date. As the situation continues to develop Nissan Americas will provide routine updates as appropriate.

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Employees

• The final Nissan Americas travelers in Japan will return to their home countries tomorrow, Saturday, March 19. Nissan Americas has suspended all employee travel to Japan until further notice. The company is working with its expatriate Americas employees as they make their own personal choices to stay or leave the country during the crisis.

Facilities/Production

• Based on the currently available supply chain, Nissan Americas manufacturing operations plan to follow a normal production schedule for at least the next seven days. The supply chain is being continuously assessed and the next update will be provided on Friday, March 25.

Vehicle Stock / Sales Impact

• Nissan Division rearward days' supply stands at 47; Infiniti Division rearward days' supply stands at 49. These figures do not include vehicles in transit from Japan. Nissan Americas does not anticipate any near-term impact on sales or vehicle availability.
• Nissan Americas has visibility of more than 1,500 Nissan LEAF vehicles either in transit from Japan or at port in the U.S. This number includes the shipment of more than 600 Nissan LEAF which left port in Japan on March 10, the day before the earthquake.
• Nissan Motor Co., Ltd. this week initiated the monitoring of vehicles made in Japan for any traces of radioactive material. Looking ahead, we will continue to implement all appropriate measures to reassure the public that all products from our company remain within globally accepted safety standards and until we are confident that any risk of contamination is completely removed.

Earthquake Relief Efforts

• In response to the devastating earthquake and tsunami that severely damaged Japan, Nissan Americas has pledged $1 million (80 million Yen) to the American Red Cross in relief effort support for the country.
• Nissan's global contributions will reach more than $3.75 million (400,000,000 million Yen) in cash and in-kind contributions to support earthquake relief efforts. This includes global and regional corporate donations, employee gift matching, as well as the provision of 50 vehicles to support aid agencies in the affected areas of Japan.

As the situation continues to develop Nissan Americas will provide routine updates as appropriate.

SOURCE Nissan North America