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Nissan exec: turnaround plan working, US factories to grow
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FILE - Nissan North Americas Chairperson Jérémie Papin speaks in Canton, Miss., on Feb. 17, 2022. In May, Nissan reported its first fiscal year profit in three years, and Papin says North America was a big contributor. U.S. sales, however, have struggled as a global shortage of computer chips has hampered automakers’ production. - photo by AP Photo/Rogelio V. Solis, File
FARMINGTON HILLS, Mich. (AP) — Two years ago, struggling Nissan Motor Co. announced a restructuring plan to cut costs and revamp its aging model lineup in an effort to rebuild sales as the coronavirus pandemic eased. Jérémie Papin, the company's chairman for the Americas, says the turnaround is happening. In May, Nissan reported its first fiscal-year profit in three years, and Papin says North America is a big contributor.