Nissan Mulling Lowering Midterm Sales Goal

Economy

Tokyo, May 9 (Jiji Press)--Nissan Motor Co. <7201> is planning to lower its midterm sales goal, in an apparent pivot from former Chairman Carlos Ghosn's expansionary policy, informed sources said Thursday.

The Japanese automaker is expected to announce the downward revision on Tuesday, when it is scheduled to release financial results for the year that ended in March.

In its midterm business plan, released in November 2017 when Ghosn was at the helm, Nissan had set a goal of boosting sales by 30 pct to 16.5 trillion yen in the year ending in March 2023 from six years before.

The business plan had sought to increase sales in emerging economies such as South America and India as well as major markets including China and North America.

In February this year after Ghosn's arrest in November, Nissan President and Chief Executive Officer Hiroto Saikawa signaled a departure from the former chairman's excessive focus on expansion.

[Copyright The Jiji Press, Ltd.]

Jiji Press