5 May 2004

Nissan’s fortunes continue to improve after record profits were announced last week. Operating profits of ¥825 billion (£4.2 billion) have helped reaffirm Nissan’s position as one of the industry’s most profitable car makers. Carlos Ghosn, Nissan’s president and CEO, has also revealed a new three-year business plan called Nissan Value-Up. It aims to hit annual global sales of 4.2m units by 2007 with the launch of 28 new models.

Nissan’s luxury brand Infiniti will be rolled out in new markets worldwide. Successful joint ventures in China and increased growth in the US helped fuel profits, said Ghosn.

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