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Nissan recovery to focus on U.S., Japan, China markets

Nissan will pull back from Europe and elsewhere to focus on the United States, China and Japan under a plan that represents a new strategic direction for the embattled carmaker, people with direct knowledge of the plan told Reuters. The "operational performance plan" is due to be announced on May 28 and goes beyond fixing problems from ousted leader Carlos Ghosn's aggressive expansion drive, the people said. The company's struggles predate the current global economic shutdown. Nissan's 2019 sales slumped severely.  Nissan was already planning to implement what was described as a "do or die" plan in January, before the global coronavirus pandemic froze automotive production and sales worldwide.  Pursuit of market share, particularly in the United States, led to steep discounting and a cheapened brand. Under the new, three-year plan — reported here for the first time — Nissan aims to restore dealer ties and refresh lineups to regain pricing power and profitability, the people told Reuters. "This is not just a cost-cutting plan. We're rationalizing operations, reprioritizing and refocusing our business to plant seeds for the future," one of the people said. The plan also aims to cut competition and expand cooperation with alliance partners, the people said. Nissan will follow Mitsubishi in plug-in electric hybrid vehicle technology, with the smaller peer taking the lead in Asian markets outside China and Japan. France's Renault will likely focus on electrical vehicle technologies and Europe. Nissan and Mitsubishi declined to comment. Renault did not immediately respond to a request for comment. The plan, led mainly by Chief Operating Officer Ashwani Gupta rather than Nissan's low-key chief executive, Makoto Uchida, is aimed at freeing resources to invest in products and technology for the United States, China and Japan, the people said. "The net effect is even though we reduce our R&D spend this year versus last year and make other savings, we pump those freed-up resources back into core markets and core products," said one of the people, who declined to be identified as they were not authorized to speak with media on the matter. The plan is likely to take up to two weeks to be finalized, with sales and earnings targets complicated by the anticipated long-term impact on auto sales of government measures worldwide taken to stop the coronavirus outbreak, the people said.

2017 Infiniti Q60 glitters in gold for the Neiman Marcus Christmas catalog

It's that time of year again. The air is getting cooler, the leaves are changing colors, and Neiman Marcus has selected this year's car for its annual Christmas Book. The limited-edition ride is a 2017 Infiniti Q60 based on the 400-horsepower Red Sport 400 model. What really sets this Neiman Marcus version apart from the average Red Sport is the striking paint job. Called Solar Mica, the paint looks a bit like a glossy gold leaf. Combined with the Gallery White leather interior with Silver Optic Fiber trim, this is an Infiniti that would be perfect for Yukon Cornelius. In addition to the color scheme, the car comes with an ivory leather weekend bag, an indoor car cover with Neiman Marcus branding, a plaque with the VIN number, and a certificate of authenticity. Oh, it also comes with a $63,000-price tag, which is a about $10,000 more than an entry level Red Sport 400 with rear-wheel drive. Neiman Marcus will only offer 50 examples of this Infiniti, and it goes on sale at noon on November 2. Interested buyers can call to reserve one at (844) 367-6971. If you're serious about buying, you'll probably want that number on speed dial. The special edition Neiman Marcus cars tend to sell out fast. In 2009, 50 Jaguar XJLs sold out in just over four hours. In 2012, 12 McLaren MP4-12C Spiders flew out the door in two hours, and in 2006, 50 BMW M6 convertibles vanished in a stunning 92 seconds. Related Video:

Infiniti boss ices plan for EV

Infiniti President Johan de Nysschen has postponed plans for an electric vehicle in order to focus on high-volume models. Automotive News reports de Nysschen is attempting to be realistic about Nissan CEO Carlos Ghosn's goal of nearly tripling Infiniti global sales from 170,000 units last year to 500,000 by March 31, 2017, saying, "500,000 cars by 2017 is an inordinately ambitious challenge." An electric vehicle would likely sell in rather small numbers.
Still, the executive is already making moves to improve Infiniti sales worldwide with new production in both China and England. Meanwhile, the company plans to unveil a new volume compact sedan set to bow in 2015. Meanwhile, de Nysschen is also working on two new models above the company's current M line. Those will borrow styling cues from machines like the Essence Concept, but will be far less exotic, tilting more toward high-performance luxury than true sports car.