KAMINOKAWA-MACHI, Japan (AP) — Nissan Motor Co. President Carlos Ghosn says the yen has fallen to what he called "neutral" levels for the Japanese automaker's profitability, but said it must drop further to be "normal."
He was speaking to reporters Tuesday after celebrating a roll-off ceremony of a new Infiniti luxury model, the Q50. The Infiniti, which is not sold in Japan, is exported to the U.S., Europe, Asia and other regions.
Japanese automakers have been trying to move production to where their vehicles are sold to reduce risks from a strong yen, which lowers the value of their overseas earnings.
Ghosn said when the dollar was at 75 yen to 80 yen over the last two years, Nissan lost money on every car it built at the Tochigi Infiniti plant.
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