Nissan Tries to Save Money Despite Quick Recovery image

Carlos Ghosn, Nissan Chief Executive, said the company needs to save money as the global economy seems highly uncertain.

After the company recovered really quickly from the last year’s Japan tsunami and earthquake and flooding in Thailand, it now looks to boost production in emerging markets such as India, Russia and Indonesia. From January to March, Nissan’s profit more than doubled to 75.3 billion yen ($941 million). For the business year ending March, the company’s global sales hit a record 4.85 million units and for the next business year Nissan expects 400 billion yen ($5 billion) profit.

But although things are going great for the company’s numbers, it still needs to be careful in the current economic situation. Nissan has less money than Honda and Toyota, and with the US economy recovery stalling and the European one hit by austerity measures and high debt, the company has to be more prudent.

Although the company socks away money, Carlos Ghosn remains Japan’s highest-paid corporate captains in the fiscal year that ended in March. He was paid ¥987 million ($12.38 million), up 0.5% from last year, more than Toyota’s President Akio Toyoda, who earned ¥136 million and Honda’s President Takanobu Ito, who made ¥123 million.