Ghosn: "Nissan is reporting solid financial results for fiscal year 2014 despite challenging market conditions, particularly in Japan and some emerging markets. Nissan’s Operating Profit and Net Income exceeded our prior guidance and the comparable year-ago levels. The company generated significant Automotive Free Cash Flow and our Balance Sheet strengthened."
Tagawa: "Overall, in spite of challenges in the market environment, Nissan has delivered solid financial results as we continue to execute our Nissan Power 88 mid-term plan and profitably grow our business."
In a speech to the Foreign Correspondents Club of Japan, Nissan Motor Co., Ltd. president and CEO Carlos Ghosn announced the Japanese carmaker's launch timetable for the latest vehicle automation technologies. Following is the transcript of his remarks.
"2013 was a milestone year for Nissan Motor Corporation. As you may know, we commemorated our 80th anniversary. Datsun, the iconic brand in the history of our growth is back in fast growing markets. We are halfway through the six-year midterm plan, Nissan Power 88. The organization is totally ready to embark on the second-half of the plan with strategic investments and stronger management structure in place."
Nissan has delivered a year of growth despite numerous challenges in fiscal year 2013. Operating profit and net income exceeded both our mid-year guidance and the comparable year-ago figures. The company also generated significant automotive free cash flow and further strengthened its balance sheet.