Nissan China JV aims for 2005 revenue of 55 bln yuan


TOKYO, March 23 (Reuters) - Nissan Motor Co.'s Chinese joint venture said on Wednesday it was aiming for revenues of more than 55 billion yuan ($6.65 billion) in calendar 2005, up 25 percent from a year ago.

Katsumi Nakamura, president and CEO of the joint venture, Dongfeng Motor Co., told a small group of reporters in Tokyo that the venture aimed to sell 140,000 units of Nissan-brand passenger vehicles this year. It had an original sales target of 80,000 units for last year, but sold less than 61,000 units.

Nakamura added that the venture scored an operating profit of 2.5 billion yuan in 2004, but he stopped short of giving a profit estimate for this year, citing uncertain raw material price trends. ($1=8.276 Yuan)



Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×