Nissan is not the only carmaker predicting bad times ahead. Toyota, which hasn’t reported a profit dip in seven years, is expecting a 27% decline for the coming year, down to about $12 billion. Honda, too, which reported record profits for the previous year, expects levels to slip by 18% to about $4.7 billion.
Nissan’s sales have been on the rise, increasing by 8.2% last year to about 3.77 million vehicles worldwide, and these levels are expected to remain stable despite the dire profit warning, reports the Associated Press.
The carmaker has a number of plans in place to maintain the sales momentum in coming years. As revealed in its new GT 2012 five year plan, Nissan will focus on improving quality, becoming a leader in zero-emissions electric vehicles and undertake a full model onslaught with the launch of 60 all-new models.