Monday, January 31, 2005

Nissan to release Altima hybrid, but CEO not yet sold on hybrid vehicles

In a speech on Saturday at the National Automobile Dealers Association convention Nissan chief executive Carlos Ghosn told 4,200 car dealers and other industry professionals that hybrids, "make a nice story, but they're not a good business story yet because the value is lower than their cost.

Of course, at the same time, Ghosn's only major other announcement was that Nissan was going to be releasing the Altima hybrid.

(Click here for the complete story)

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