$1.4 billion loan agreement with Nissan North America, Inc

DEPARTMENT OF ENERGY ANNOUNCES CLOSING OF LOAN AGREEMENT TO BRING PRODUCTION OF NISSAN LEAF, BATTERY TO NORTH AMERICA
Loan used to modify Smyrna, Tenn., manufacturing plant for production in 2012

Nissan, along with its Alliance partner, Renault, is the only automaker committed to mass marketing all-electric vehicles on a global scale. Nissan LEAF, a five-passenger sedan, will be available for private and fleet customers. It is being launched in the U.S., Japan and Europe in December 2010. Nissan has spearheaded a holistic approach to zero-emission mobility by working with states, municipalities, utility companies and other partners, to prepare markets and infrastructure. Nissan has formed more than a dozen partnerships in the United States, in markets including State of Tennessee, the State of Oregon, Sonoma County and San Diego in California, Phoenix and Tucson, Ariz., Washington D.C., Seattle, Raleigh, N.C., and with Houston-based Reliant Energy.

In North America, Nissan’s operations include automotive design, engineering, consumer and corporate financing, sales and marketing, distribution and manufacturing. Nissan is dedicated to improving the environment under the Nissan Green Program 2010, whose key priorities are reducing CO2 emissions, cutting other emissions and increasing recycling. More information on the Nissan LEAF and zero emissions can be found at www.nissanusa.com/leaf-electric-car.