Jun 23, 2011
Nissan Motor Co's (PINK:NSANY) CEO Carlos Ghosn said today that the company is aiming to increase its U.S. market share to 10%.
In its fiscal year ended this past March, the company recorded an 8% share of the American market, and in recent months its share has touched 9%.
Mr. Ghosn said in a meeting with journalists at the company's Yokohama headquarters that "It should not be a big stretch" to reach 10%.
He added that new models, the company's electric vehicles, and its strengthening sales network should help it meet that goal "in the first phase of the (six-year) plan" that will be outlined Monday.
Nissan and French company Renault are in talks to invest a combined stake worth more than 50% in the Russian auto company Avtovaz to boost sales in the expanding Russian market. The deal should be concluded "within this year."
The company also now sees less than 10 suppliers struggling to resume production following the disruptions caused by the March 11 earthquake. At the end of March, the company reported 40 troubled suppliers.
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