'Talk of car prices dropping dramatically over next three or four months are not true.
The high appreciation of the Japanese yen is one factor that makes such price drop speculation unfeasible and unrealistic', said Monal Zeidan, General Manager, Marketing and Corporate Communications at Nissan Middle East.
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Nissan rules out price drop
- Middle East: Sunday, February 01 - 2009 at 13:58
Nissan Middle East has issued a statement following speculation that all car brands would drop their retail prices by 40% or 50% in the region over next three months due to the world financial crisis. During a recent visit to the GCC by Nissan President and CEO, Carlos Ghosn, it was confirmed that a short-term slowdown in GCC sales could be expected but overall Nissan was optimistic about the growth potential in the Middle East.
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StaffSunday, February 01 - 2009 at 13:58 UAE local time (GMT+4)
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