Nissan Announces New Midterm Business Plan, will Introduce a New Vehicle Every Six Weeks for Six Years

Japanese carmaker Nissan Motor Co. revealed on Monday its new midterm business plan dubbed �Power 88�, with which it aims to boost both its global market share and profit margin to 8 percent within six years � hence the �88� reference in the name. Last year, Nissan, which is 44.3 percent owned by French partner Renault, had a 5.8 percent global market share.
The new plan calls for the introduction of 52 new cars for fiscal years 2011 to 2016, or about one new vehicle every six weeks.