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Nissan to unveil dividend steps in new midterm plan

From Reuters| June 21,2007

Nissan Motor Co. (7201.T: Quote, Profile, Research) is set to unveil an "attractive" annual dividend policy in the company's next mid-term plan, Chief Executive Officer Carlos Ghosn told reporters after the automaker's annual shareholders' meeting.

The mid-term plan is slated to be announced before next April.

He also repeated that Nissan/Renault (RENA.PA: Quote, Profile, Research) was not in alliance talks.

Asked whether he was interested in buying Ford Motor Co's (F.N: Quote, Profile, Research)'s luxury brands that the U.S. carmaker is considering selling, he said: "I don't believe in buying brands. It's not in the interest of either Nissan or Renault."

He also said Nissan/Renault was studying the feasibility of a $3,000 car to compete with Tata Motors (TAMO.BO: Quote, Profile, Research) and any such car would be built in India with a local partner.

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