Nissan COO Ashwani Gupta says the carmaker is ready to turbocharge its turnaround, possibly build a new U.S. plant and adopt a build-to-order mindset for more efficient retail sales.
The alliance says the partners will jointly launch 35 new EVs over the next five years. And they will pursue a common strategy to secure global battery production capacity of 220 gigawatt-hours by 2030.
Toyota's positive assessment comes after the U.S. economy shrank for a second-straight quarter and as U.S. companies initiate such belt-tightening measures as precautionary job cuts.
A weakening yen has emerged as a windfall for the country's automakers, helping buoy results just when they need it most amid pinched production and derailed deliveries.