Nissan Motor
plans to streamline its global automobile lineup by exiting low-performing ones and deploy its artificial intelligence driving technology across 90% of its array over the long term as it targets a revitalization after years of turmoil.
Japan’s fourth-biggest automaker said in a statement on Tuesday it will reduce the number of its models to 45 from 56. It will target annual sales of 1 million vehicles each in the U.S. and China by the 2030 financial year and grow its annual sales volume in Japan to 550,000 cars by that time.
CEO Ivan Espinosa also unveiled a hybrid version of the Rogue SUV - known as the X-Trail in Japan - and an electric version of the Juke model.
“This is how our portfolio strategy comes to life, anchored in profitability and built around a leaner, stronger lineup,” Espinosa said, outlining the company’s long-term strategy. Nissan will also expand powertrain options in its models and reinvest in growth, he added.
