World Economy

Nissan Targets Brazil Sales

Nissan Targets Brazil SalesNissan Targets Brazil Sales

Nissan plans to maintain investment and increase its share in the Brazilian auto market despite a 7.15% drop in car sales across the country last year, AFP reported. “We are disappointed in where the Brazilian market stands but we shall continue to invest,” Carlos Ghosn told a press conference in Rio. “A seven percent drop in sales in 2014 did not lift enthusiasm but we have no doubts as to Brazil’s potential,” said Ghosn. He spoke on the sidelines of the launch of a new three-cylinder, 1.0-liter model to be built at the Resende plant in Rio state where Nissan has invested 100m reais ($37m) over the past year.