PARIS -- Nissan Motor CEO Carlos Ghosn said on Thursday the war in Iraq meant demand in the United States and Europe would likely be at the lower end of forecasts for fiscal 2003-2004 that the company gave in October.
But he also said he was confident Nissan would at least meet its target for fiscal year 2002-2003.
"We are very confident we will at least meet (our targets), he told a press conference. He also said the company would at least match or better its first-half operating margin of 10.6 percent.
Renault holds a 44 percent stake in Nissan, while Nissan holds a 15 percent stake in the French firm, and the two have set up industrial link-ups involving sharing parts to save cash and boost efficiency.