Business & Finance
Nissan targets 8pc global market share within 6 years
YOKOHAMA : Nissan Motor Co said on Monday it would aim for a global market share of 8 percent by the year ending in Marc
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YOKOHAMA: Nissan Motor Co said on Monday it would aim for a global market share of 8 percent by the year ending in March 2017 and wants to boost its operating profit margin also to 8 percent in the same period.
As part of its midterm business plan released on Monday, the company said it aims to release a new vehicle on average once every six weeks over six years.
Chief Executive Carlos Ghosn has led Nissan through four growth plans since arriving from partner Renault SA in 1999, turning the near-bankrupt company into one of the most profitable in the auto industry.
Copyright Reuters, 2011
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