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Nissan Confirms It Plans To Recall 1.02 Million Cars

Thursday 12:43 am ET

TOKYO October 30, 2003; Dow Jones reported that Nissan Motor Co. plans to recall a total of 2.56 million vehicles sold in Japan and overseas due to faults in the engines, the automaker said Thursday.

The firm expects to book a Y15 billion-Y16 billion recall charge this fiscal year through March, but it has no plans to downgrade its earnings outlook for the current year, it said.

Nissan will recall about 1.03 million vehicles in Japan and 1.53 million vehicles sold in the U.S. and other countries.