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"Nissan 180" complete, annual sales reach 3.67 million

by mkbhatia

Nissan on Thursday said its revival plan was a success, resulting in a sales increase of 1 million vehicles compared to three years ago. Nissan's global sales in the last year totaled 3.67 million vehicles, with strong gains in North America. In 2002, the company set out to boost its yearly sales by a million vehicles. Other goals of the so-called "Nissan 180" plan included raising its operating profit margin to eight percent and wiping out interest-bearing debt to zero. The company now boasts the world's highest operating profit margin for an automaker. "Thanks to the hard work of all of Nissan's employees, our revival is complete," Carlos Ghosn, president and CEO, said in a statement.