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Nissan looks to address 'extreme market volatility' with 30 new models, EV cost cuts - TL;DR CNBC

Nissan looks to address 'extreme market volatility' with 30 new models, EV cost cuts

Publishing timestamp: 2024-03-25 10:15:04


Summary

Nissan CEO Makoto Uchida announced plans to target additional 1 million vehicle sales by end of fiscal 2026, focus on EV development, cut costs significantly, and launch 30 new models by fiscal 2026. The company aims for EV and combustion engine costs to reach parity by 2030 and operating profit margin of more than 6% by end of fiscal 2026. This comes as other major automakers are scaling back or delaying EV plans amid cooling demand.


Sentiment: MIXED

Tickers: TSLAFMBG-DE7201.T-JPGMVOW-DE

Keywords: businesselon musktesla inctransportationclimatebreaking news: businessbusiness newsgeneral motors coford motor coautosnissan motor co ltd

Source: https://www.cnbc.com/2024/03/25/nissan-targets-1-million-extra-vehicle-sales-aims-to-cut-ev-costs.html


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