Nissan shares hit six-year high

[Mike]

The ongoing recovery at Nissan has been recognised by hard-nosed investors to the effect that shares in the company hit a 6-year high on Tokyo's Nikkei. The shares have now doubled in value since the merger with Renault, and indication of how far they had fallen before Carlos Ghosn launched his rescue plan. Nissan recently said that the company was a year ahead of its planned recovery programme, and news that the all-new March (Micra in some markets) has received 25,000 domestic orders in the first week has added to the euphoria, although a modicum of caution must always be applied to orders in the first few weeks, as many could be dealer driven. Nevertheless, the aura around Nissan is a totally different colour from the black mood that surrounded the company just three years ago.