Nissan does not expect to hit its global sales target of 4.2 million vehicles by the end of March 2009, and has given itself another year to hit that goal, news reports said Sunday.
Nissan was forced to extend the target deadline because demand for its cars in Japan and the United States has fallen short of expectations, the Yomiuri Shimbun newspaper said.
The company now aims to achieve 4.2 million vehicle sales by the end of March 2010, the report said.
Japan's No. 3 carmaker has not missed a sales target in its seven years under Carlos Ghosn, chief executive at Nissan and Renault, who is expected to announce the revised plan later this month, the Nikkei business daily said.
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