Nissan on Track to Reach Profit Margin Despite Covid, CEO Says
- Makoto Uchida confident of 2% operating margin target
- Sees positive sign despite auto industry parts shortages
Makoto Uchida
Photographer: Akio Kon/BloombergThis article is for subscribers only.
Nissan Motor Co. is on track to achieve the operating profit margin target it laid out in its turnaround plan despite the recent parts shortages that have hammered Japan’s auto industry, Chief Executive Officer Makoto Uchida said in an interview.
The Japanese carmaker will be able to achieve an operating profit margin of 2% or more for the fiscal year ending March, thanks to efforts to cut fixed costs, according to Uchida. “We’re gaining traction,” he said Monday at Nissan’s headquarters in Yokohama.