Q: Is there still room for more cost-cutting at Nissan?
A: I think 4% cost savings a year for the next three years is a reasonable number.
Q: Can you give an example where you'll make savings?
A: We're going to be really using the potential offered by markets like China, Thailand, India, Egypt, and Brazil. One example is our Huadu Plant in Guangzhou, China, where we're establishing production capacity of 270,000 cars. The cost of investment at this plant is half the cost in the U.S. This isn't because it's less automated or the quality is low. The quality is equivalent to the top level within Nissan.
Q: Does that mean you'll be moving production toward lower-cost countries?
A: There's hug