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Money News

Nissan plans to invest heavily in China luxury segment, COO says

FILE PHOTO: The brand logo of Nissan Motor Corp. is displayed during a press preview of the company's new Ariya all-battery SUV, ahead of the world premiere, at Nissan Pavilion in Yokohama, south of Tokyo, Japan July 14, 2020. REUTERS/Issei Kato/File Photo

(Reuters) - Japan’s Nissan Motor Co plans to invest heavily in China’s luxury auto segment, its chief operating officer told Reuters on Monday.

Ashwani Gupta made the comment in an interview during the Reuters Auto Summit teleconference. He also said that while he was satisfied with the automaker’s business in the United States, it wasn’t enough.

Reporting by Joseph White; Writing by David Dolan; Editing by David Goodman

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