TOKYO - On April 22, Nissan Motor Co. CEO Carlos Ghosn announced that Nissan had posted record profits for the third straight year and predicted a fourth in the fiscal year that began April 1.
In addition, Nissan had achieved two of the three goals Ghosn set in his Nissan 180 plan - at the end of the first year of the three-year plan.
Nissan slashed automotive debt to zero from ¥432 billion, or $3.6 billion, at the start of the last fiscal year, and from a staggering $17.5 billion before Ghosn joined the company. That was the "0" in "180."
It topped the target 8 percent operating-profit margin - the "8"- with an industry-leading 10.8 percent profit margin.
The only remaining goal: to boost sales by 1 million vehicles compared with the level at the start of the plan.
To do that, Nissan is launching a barrage of products, led by a wave that will come out of the Canton, Miss., plant due to open in late May: a new Nissan Quest minivan, a Nissan Pathfinder Armada large SUV, Titan King Cab and Titan Crew Cab full-sized pickups, and an unnamed Infiniti large SUV.
The day after announcing the results, Ghosn sat down with Staff Reporters James B. Treece and Yuzo Yamaguchi to discuss Nissan's results and future.