Nissan backs out of US motor shows

Car maker Nissan is pulling out of the Detroit and Chicago motor shows, because of the economic crisis and the lack of new vehicles to unveil.

“Based on the fact that we have no major new products to show at the 2009 Detroit and Chicago auto shows, as well as the current economic conditions which will impact the shows’ marketing effectiveness, we have decided to cancel our involvement and participation,” Japan’s third-largest car maker said.