Nissan pins 2006 hopes on new models

Speaking at Nissan Motor's annual general meeting of shareholders Tuesday, CEO Carlos Ghosn held to his forecast of a 4.5 percent increase in worldwide sales for Nissan, despite dismal first quarter sales in the Japanese domestic market.
With eight months to go in Nissan's fiscal year, Ghosn is pinning his hopes on a new-model blitz planned for the second half of the year, with no fewer than eight all-new vehicles on tap, including the Sentra, Infiniti G35 and Altima (shown at right in its New York Auto Show debut) for the U.S. market.

Even if the company hits its sales target for the year, profits are likely to be flat, held down by skyrocketing commodity prices.

[Source: Reuters]

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