nissan targets 8 global market share by 2016
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

Nissan targets 8% global market share by 2016

Arab Today, arab today

Arab Today, arab today Nissan targets 8% global market share by 2016

Tokyo - AFP

Japanese auto giant Nissan Motor on Monday said it would aim to achieve a global market share of eight percent by the end of fiscal 2016 as it unveiled a six-year business plan. Nissan, which is 44.3 percent owned by French partner Renault, also said it aimed to lift its operating profit margin to eight percent in that period under its \"Nissan Power 88\" growth plan. \"We are definitely on the offensive,\" company president and CEO Carlos Ghosn told reporters. Japan\'s second-biggest auto maker by volume after Toyota had a 5.8 percent global market share last year. The plan will see the Nissan-Renault alliance aim for cumulative electric vehicle sales of 1.5 million units in that time. Nissan last year began selling its all-electric Leaf car in Japan, the United States and parts of Europe. It said it would also aim for a 10 percent share of the Chinese market while boosting its presence in economies such as India and Brazil, where it will build a new factory producing 200,000 vehicles per year. Nissan currently has a 6.2 percent market share in China. \"In 2012, we will have nearly doubled our production capacity to 1.2 million units,\" in China, Ghosn said. \"We will further increase our capacity to be in line with our goal of 10 percent market share,\" he said. In Russia, Nissan and its partner Renault are in talks to take a combined more than 50 percent stake in major Russian auto maker AvtoVAZ, which sells the Lada brand. Yokohama-based Nissan will continue to focus on zero-emission vehicles and low-emission technologies while also aiming for a 10 percent share of the global luxury market with its Infiniti brand. Nissan aims to expand its sale network to 7,500 major points of sale globally, from the current 6,000. The automaker last week said annual net profit this fiscal year will fall 15 percent year-on-year after Japan\'s March 11 earthquake hit output, while it also struggles with high raw material costs and a strong yen. But despite lower profits, it expects global sales to rise 9.9 percent in the year to a record 4.6 million units, with full production returning in October after parts shortages caused by the quake. The 9.0-magnitude quake and tsunami destroyed entire towns, left 23,000 dead or missing and crippled electricity-generating facilities, including a nuclear power plant at the centre of an ongoing atomic crisis. Japanese firms were hit hard by power and chronic parts supply shortages, with the likes of Nissan, Toyota and Honda having to sharply cut production and shut plants due to a lack of crucial components. Nissan shares closed up 0.11 percent at 845 yen ahead of the announcement.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nissan targets 8 global market share by 2016 nissan targets 8 global market share by 2016

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nissan targets 8 global market share by 2016 nissan targets 8 global market share by 2016

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 16:03 2017 Thursday ,21 December

US hits Myanmar general in new global rights sanctions
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday