BEIJING (Reuters) – Nissan (OTC:NSANY) Motor’s chief executive (T:7201) said on Saturday he planned to launch a number of new vehicles in the growing Chinese market over the next five years, including electrical cars, that could help the struggling Japanese automaker return to profit.
“The recovery in the Chinese market has been very remarkable, and our key segments have returned to the previous year’s level if not slightly better,” CEO Makoto Uchida said at a press conference at the Beijing auto show via a video link from Japan. “I expect this rebound to continue, but we need to watch for signs of trouble,” he added. Read more…..
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Nissan Motor Co. Chief Operating Officer Ashwani Gupta discusses the automaker’s financial position, how it is navigating current geopolitical tensions and the outlook for the auto industry with Bloomberg’s Vonnie Quinn on “Bloomberg Markets.”