Nissan Provides Update Regarding Status of Japanese Earthquake and Impact on Nissan Americas Operations

Nissan (NSANY) Americas continues to progress in assessing the operational impact from the Japanese earthquake. The following statement will serve as an update that is current as of today's date. As needed Nissan Americas will continue to provide routine updates. Nissan Americas will re-calendarize its April production schedule to pull ahead previously planned non-production days from later in the 2nd and 3rd quarters to this month. This optimization of the production schedule will accommodate parts shipments still in transit from Japan and ensure minimal disruptions to planned operations. While Nissan Americas will operate an April schedule which is reduced from original plan, it will work to recover lost production throughout the balance of its fiscal year to minimize the net effect to its production volumes. Non-production days moved forward into April will include: Apr. 8, 11 and 18-21 at the Smyrna and Decherd, TN and Canton, MS facilities Apr. 4-8 at the Cuernavaca, Mexico facility Apr. 11-15 at the Aguascalientes, Mexico facility The study assessing the feasibility of producing some engines in Decherd, TN and shipping to Japan is complete. From this month, the Decherd engine plant will supply certain engine components to Nissan's Japanese operations. This will be a temporary support arrangement until full production is restored in Iwaki, at which time Nissan will return to previous engine sourcing.