• Register

Nissan to shift focus to increasing profit margins

: Tuesday, May 13 - 2014 @ 10:15

Carlos Ghosn, CEO of Nissan Motor Co has said the Japanese carmaker will prioritise boosting profit margins over market share, signalling a shift in emphasis after the company forecast the lowest operating margin among its peers for this financial year, Reuters has reported. Profitability at Japan’s second-biggest carmaker has been squeezed by the cost of a rapid expansion drive, aimed at lifting its global market share to 8% by 2016-17, compared with 6.2% in the year ended March. “We obviously can’t reach 8% operating margin without growing, but at the same time we don’t want the growth to be in contradiction with the profit goal,” he told a news conference. “I think the most important is the 8% operating margin.”

Today's Top Stories

Posted by

Tuesday, May 13- 2014 @ 10:15 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services

Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically


Search for jobs

Latest Jobs