Nissan On The Rebound

Company's Altima named "Car of the Year."

Published: 21-Mar-2002

TOKYO, March 19 (Reuters) - Shares in Nissan Motor Co , Japan's third-largest automaker, rocketed to six-year highs on Tuesday, driving higher on healthy orders for its new March subcompact and a weaker yen.

The shares climbed 6.67 percent or 60 yen to close at 960, a level not seen since July 1996 and more than double the value since the automaker announced its alliance with France's Renault SA three years ago.

The stock is also up 11 percent since Nissan said last Friday that it had received 25,000 orders for the remodelled March, known as the Micra in Europe, in its first week.

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