UPDATE 1-Nissan in line with profit goal;no talks with Cerberus

Newswire

(Recasts throughout, adds details, byline) By Jui Chakravorty DETROIT, May 24 (Reuters) - Nissan Motor Co. Ltd. is on track to hit its net profit target for the current fiscal year, Chief Executive Carlos Ghosn said on Thursday, after missing last year's target by about 10 percent. Japan's No.3 carmaker last month forecast net profit of 480 billion yen ($3.95 billion) for the year to end-March 2008. Asked if Nissan would hit that target, Ghosn said: "We are pretty confident, but it's ...

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