Nissan Motor targets free cash flow of 5% of annual sales

Fri. July 18, 2008; Posted: 01:09 AM

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TOKYO, Jul 18, 2008 (Asia In Focus via COMTEX) -- NSANY | Quote | Chart | News | PowerRating -- NISSAN MOTOR CO. (TSE:7201) has set a goal of having an average free cash flow equivalent to 5 per cent of the firm's annual sales under a five-year plan through March 2013. With the business climate changing dramatically, Nissan seeks to have more cash on hand - funds it will need to beat the competition in developing electric and ultra low-priced vehicles.

* The automaker's free cash flow had been negative since fiscal 2004 because of investments in capacity.

* But it came to 474.6 billion yen (US$4.5 billion) in fiscal 2007, a turnaround from the negative free cash flow of 71.7 billion yen in fiscal 2006.

For full details on Nissan Motor Co Ltd Adr (NSANY) click here. Nissan Motor Co Ltd Adr (NSANY) has Short Term PowerRatings of 5. Details on Nissan Motor Co Ltd Adr (NSANY) Short Term PowerRatings is available at This Link.

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