Nissan announces new product blitz

Nissan plans to launch at least 28 new models over the next three years as part of a bid to increase its annual sales by one million units by the end of 2004.

The manufacturer said it expects to report a consolidated operating profit of 4.50 billion Euros and a consolidated net profit after tax of 3.42 billion Euros for the financial year to 31 March 2002.

It also said its Nissan Revival Plan (NRP) has been completed a year ahead of schedule and unveiled the main action plans of a new three-year business plan, called NISSAN 180.

The plan is based on four pillars, said Nissan, higher revenue, less costs, more quality and speed and synergies from the alliance with Renault.

The company, it added, 'will enter new segments and new geographic markets worldwide to fuel this growth'.