The Japanese automaker is on track to hit the targets set in its “Nissan Next” turnaround plan a year ahead of its March 2024 schedule.
Nissan Motor is making significant progress on a global restructuring plan to right-size operations and return the company to profitability, Nissan Chief Operating Officer Ashwani Gupta said in an interview with CNBC.
The iconic Japanese carmaker is on track to hit targets set in its “Nissan Next” turnaround plan a year ahead of its March 2024 schedule, Gupta announced despite challenges from the coronavirus pandemic and a global shortage of semiconductor chips.
“Despite the headwinds, we have pulled ahead the recovery by one year,” Gupta, who is responsible for leading the plan, said during a video interview from Nissan’s headquarters in Yokohama, Japan. “We are much more ahead than what we said and that helped us in overcoming the headwinds of the pandemic in 2020.”
The news is especially welcome as the auto giant continues to recover from the scandalized exit of former leader-turned-international fugitive Carlos Ghosn who fled Japan to Lebanon in 2019 while awaiting trial on charges of financial misconduct.