Nissan Lowers Full Year Profit Forecast

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Nov. 1 (Bloomberg) -- Bloomberg Television's "Lunch Money" Host Adam Johnson reports on Nissan's auto sales. (Source: Bloomberg)

Today and it lowers its full- year profit forecast by 15% because of slowing demand in emerging markets.

The ceo announced an overhaul of the nissan management and emmy for an eight percent operating margin and spoke exclusively with us this morning.

This is a six-year plan.

We cannot do it in three years.

It will take a lot of time particularly that these are objectives which require a global presence, global growth, and a sustainable high level of profitability.

We will fully made the next three years in order to achieve the objective we have given to ourselves.

At the end of this journey, nissan will be a much better company, a much healthier company that it has ever been before.

What about the yen?

How is that affecting nissan?

I don't believe the yen will stay where it is great i think market forces at a certain point, i don't know what the timing, will drive it weaker compared to the dollar.

The fundamentals are going in the sense where when you compare the dollar to the yen, the yen should weaken can and the dollar should strengthen.

We don't know when but for us, the sooner the better.

I'm sure that is correct.

Audi bet big on high-end motorcycles.

It bought ducati for over $1

This text has been automatically generated. It may not be 100% accurate.


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