1. Jed Connelly Senior Vice President, Sales and Marketing Nissan North America, Inc. June 1, 2005

3. COMBINED SALES 627,700 UNITS 1998 RESULTS 1,000,000 900,000 800,000 700,000 600,000 units

4. 2004 RESULTS SALES 1,013,000 1,000,000 900,000 800,000 700,000 600,000 units 61% INCREASE UP 191,000 UNITS LOW INCENTIVES HIGH RESIDUALS RECORD DEALER PROFITS

5. $8 BILLION OPERATING PROFIT NISSAN TODAY 10% RETURN

6. THE NISSAN APPROACH A SYSTEM FOR SUCCESS PRODUCTS FOR THE FUTURE STAYING THE COURSE

8. NEW PRODUCTS

9. FUTURE PRODUCTS NEW SENTRA NEW ENTRY- LEVEL SEDAN NEW ALTIMA MORE TO COME …

11. THE MILLENNIALS

12. PRODUCT BUZZ

15. BREAKTHROUGH PRODUCTS INFINITI M

16. FUTURE PRODUCTS WHERE ARE THE NEW PRODUCTS FOR TOMORROW?

17. COMPANY PROFITS INCENTIVE DRIVEN SALES?

18. JUNK IN THE TRUNK

19. THE REAL COST OF INCENTIVES US SALES17,000,000 $17,000,000,000 x $1,000 incentives

20. THE REAL COST OF INCENTIVES US SALES17,000,000 $51,000,000,000 x $3,000 incentives

21. THE REAL COST OF INCENTIVES

22. THE GOOD NEWS FIND NEW WAYS TO MARKET OUR VEHICLES MOVING AWAY FROM INCENTIVES

23. THE PROOF … IS IN THE PARKING LOT

24. RETAIL NETWORK

27. Jed Connelly Senior Vice President, Sales and Marketing Nissan North America, Inc. June 1, 2005