Nissan Announces Power 88 Six-Year Business Plan

Nissan Chief Executive Carlos Ghosn unveils the automakers latest six-year business plan, dubbed Nissan Power 88, during a news conference at its head office in Yokohama, south of Tokyo, on Monday, June 27, 2011. The plan calls for achieving an 8% operating profit margin in a bid to close the gap with rival Toyota Motor Corp. in key markets around the world. The plan also includes a target of boosting the carmaker’s share of the global auto market to 8 percent by the fiscal year ending March 2017, in part by focusing on growth in countries such as China, Brazil, Russia and India. Ghosn also promised a new vehicle once every six weeks on average to woo consumers away from its rivals. (Photo by AFLO)