At an analyst conference yesterday Nissan president Carlos Ghosn reviewed the status of the Nissan Revival Plan (NRP) and outlined Plan 180, Nissan’s plans for the period following NRP through 2005.
During his presentation, Ghosn stated that NRP was closer to its end than its beginning. He also stated that Plan 180 was designed to build profitable growth, with its name implying one million additional unit sales worldwide, the highest level of profitability and zero debt.
Ghosn stated that, “the impact of the adverse market conditions in the United States and Japan, Europe and elsewhere, were softened by favorable exchange rates.”
Ghosn gave no changes to the current forecast. However, he stated that the company has sustained profits despite a challenging market and there have been no negative surprises for Nissan’s financial performance so far this fiscal year.
On October 18, 2001, the company affirmed its forecast of 350 billion yen for consolidated operating profit and 330 billion yen of consolidated net income.
This week at the North American International Auto Show in Detroit, Nissan showcased four new products including the final production version of the 350Z sports car which will go on sale this summer and a concept of the new Quest that will come to market in 2003.
For the Infiniti Division, the company unveiled the all-new G35 that will go on sale this March as well as a production concept FX-45 crossover vehicle.
Nissan will report global sales and production figures for calendar year 2001 later in January and will report full year financial results in May 2002.