Nissan scales back on auto shows

Nissan said on Friday that it will not participate in some of the major auto shows in its new business year starting April 1, Reuters is reporting.

The reason: to save money. This means no Nissan display at the show in Frankfurt in September and probably another absence in Detroit in January 2010.

Nissan has picked Tokyo, New York, Shanghai and Geneva as the venues for displays for the 12-month period ending March 31, 2010.

By JAKE LINGEMAN