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Nissan Is on ‘Good’ Path With Profits, Electrification, COO Says
- Nissan plans to invest $17.6 billion in push toward electric
- Follows former CEO comments made Monday questioning strategy
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Nissan Motor Co.’s profit recovery and electric-vehicle investment plans are placing the automaker on a good path toward future growth, Chief Operating Officer Ashwani Gupta said.
“Our operating profit is positive, and when we’re talking about electrification, this is meaningful,” Gupta told Bloomberg Television’s Manus Cranny in an interview. Gupta’s comments in Dubai follow Nissan’s announcement last week that it will spend 2 trillion yen ($17.6 billion) over the next five years on electrifying more of its fleet.