Nissan Motor Co. said Thursday its global vehicle sales in the year to September surpassed its medium-term target to reach 3,671,000 units, prompting President Carlos Ghosn to declare the firm's revival process completed.
The sales represented an increase of 1,073,000 units from fiscal 2001 against a target expansion of 1 million units in the medium-term plan, announced in May 2002.
"Thanks to the hard work of all of Nissan's employees, our revival is complete," Ghosn said in a statement. "We have regained the confidence and momentum needed to grow significantly and profitably over the long term."
Nissan accomplished its target group-operating margin of 8 percent and eliminated net automotive business debt in fiscal 2002, two years ahead of schedule.
The carmaker said the 1,073,000-unit vehicle sales expansion included 437,000 units in North America, 188,000 in Japan, 84,000 in Europe and 364,000 in other regions.