SYNOPSIS: Economic crisis has perfectly positioned company to benefit from government loans thanks to its big push in zero-emission cars.
TOKYO - Nissan Motor Co. said on Wednesday that while the economic crisis had hammered automakers, the company is in a perfect position to benefit from government loans thanks to its big push in the field of zero-emission cars.
Many governments, including the United States, have set aside funding to help automakers survive tight credit markets on condition that the subsidies help the countries' own efforts to meet environmental goals.
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I am not convinced that Nissan is for real. A few months ago, they announced that they would begin selling a plug-in hybrid in 16 U.S. markets in 2010. The car will get 100 miles of battery-only range, the press release said.
I am in one of the 16 markets that they named, so I went to a Nissan dealer to ask about the vehicle. No one had heard of it, and when I tried to research it on the Internet there was nothing. Nissan's websites don't mention the vehicle.
Unfortunately, the electric car market is a lot of talk and very little action.
