Nissan promises to launch slew of new cars in world's biggest automobile market

Nissan investors have expressed deep concerns about the future prospects of the company.Nissan has been wading through troubled times.
By
| Updated on: 26 Sep 2020, 12:21 PM
File photo used for representational purpose. (REUTERS)
File photo used for representational purpose. (REUTERS)

Nissan Motor's chief executive said on Saturday he planned to launch a slew of new vehicles in the growing Chinese market over the next five years, including electrical cars, that could help the struggling Japanese automaker return to profit.

Nissan CEO Makoto Uchida spoke from Japan via a video link at a press conference on the sidelines of the Beijing auto show.

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His remarks come as investors express deepening concern about the future of Nissan, which has warned of a record $4.5 billion loss this year as the pandemic hampers its turnaround efforts.

First Published Date: 26 Sep 2020, 12:21 PM IST
TAGS: Nissan
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