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Nissan aims for 37 pct global sales rise by 07/08

TOKYO, April 26 (Reuters) - Nissan Motor Co said on Monday it would aim to sell 4.2 million vehicles globally by the business year ending in March 2008, which would represent a 37 percent rise from the just-ended business year. Outlining its new three-year business plan beginning in April 2005, Japan's third-largest auto maker said it would launch 28 all-new models globally and introduce the Infiniti luxury brand outside the main U.S. market, including in Japan and Europe. The new plan, dubbed "Nissan Value-Up", also called for a return on invested capital (ROIC) of a minimum 20 percent, while keeping the operating profit margin at the "top level" among global auto makers.

In the year through March 31, Nissan had an operating margin of 11.1 percent.