Nissan Misses Sales Target
April 17, 2007
Nissan Motor Co. confirmed it may miss its goal of selling 4.2 million vehicles in the year ending March 2009, as put forward in its three-year business plan revealed in April 2005.
Failure to make its target is blamed on a lack of new models in North America and a sales slump in its home market.
Nissan reports 2006 financial results next week. It is expected to report its first annual drop in net profit -– forecasted to be 11 percent -- in seven years for the year. More may be revealed about Nissan’s goals at that time.
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