Nissan Motor Co. (NSANY) is set to showcase a wide range of innovative vehicles at the Los Angeles Auto Show, slated to be held from November 30 to December 9. The new vehicles include 2014 Nissan GT-R supercar, Nissan DeltaWing sports car, the all-new 2013 Nissan Altima and the Pathfinder and Sentra vehicles.
The 2014 GT-R vehicle features hand-built 545-horsepower twin-turbocharged 3.8-liter V6 engine, offering enhanced performance and premium interior refinements to the customers. The Nissan DeltaWing racer is a sports car featuring fuel-efficient turbocharged 2.5-liter engine, rocket-shaped sleek body design and lightweight components. The three innovative vehicles, Altima, Pathfinder and Sentra, are more fuel efficient and high on both style and comfort.
Nissan is also planning for the Hi-Cross Concept vehicle, which will combine style with everyday utility for the consumers. The car will feature one motor, two clutch gasoline/electric hybrid system with enough space for seven passengers.
Recently, General Motors Company (GM - Analyst Report) also announced that it will launch the electric version of Chevrolet Spark at the Los Angeles Auto Show. The launch is expected to enhance the company’s business and provide a low-cost alternative to the customers. The electric version of Spark is best suited for city drivers as it occupies less parking area.
Earlier in the month, Nissan launched the upgraded version of its electric vehicle LEAF in Japan. The new LEAF model will likely cater to the rising demand for eco-friendly electric vehicles, which could travel more miles without charging. The vehicle offers excellent performance and better driving feel. Moreover, the electric motor in the vehicle uses 40% less rare earth element, dysprosium, and the heat-resistance levels are same compared to the conventional electric motors.
Nissan Motor is the sixth largest automaker in the world. The company, along with its subsidiaries, engages in the production and sale of automotive products, industrial machinery and marine equipment, primarily in Japan, North America, and Europe. It offers passenger cars, trucks, buses, forklifts, light commercial vehicles, power trains and parts, as well as sales financing activities.
Nissan Motor competes with Honda Motor Co. (HMC - Analyst Report) and Toyota Motor Corporation (TM - Analyst Report). Currently, its shares retain a Zacks #5 Rank, which translates into a short-term (1 to 3 months) Strong Sell rating.