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Ever since Ghosn took the wheel at Nissan, Nissan never had a year-to-year decline. Well there’s a first time for everything. For the fiscal year that ended March 31, operating profits fell 10.9 percent to $6.58 billion and net income fell 11.1 percent to $3.90 billion. This was the first time ever Nissan had a year-to-year decline in profits during Ghosn’s term.

When Ghosn took control, he set a goal for Nissan to reach a global sales target of 4.2 million cars in a year. “If I thought it was not within the potential of the company, I would have abandoned the plan,” Ghosn told Automotive News. He now hopes to reach that sales goal by the fiscal year ending March 31, 2010, instead of March 31, 2009.

To reach his goal, Ghosn is putting hope in 11 new and redesigned models including the Altima Coupe and the Infiniti G37 which go on sale by September 30th of this year. Those two models will be followed by the new Infiniti EX and Nissan Rouge crossovers due out by March 31, 2008. And of course, Nissan’s new GT-R which will be unveiled at the Tokyo Motor Show in October, however, it won’t reach US shores until April of 2008.

According to Automotive News, Nissan will launch nearly one new or redesigned model a month in the following three years.

[tags]Cars, Car, Auto, Automobile, Vehicles, Technology, Auto News, News, Nissan[/tags]

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