03 Corporate Governance Performance Innovation & Power of brand Year 2 Power 88 Firing on All Cylinders: Nissan Power 88 Gains  Momentum Carlos Ghosn President and Chief Executive Officer Moving Ahead with Power Fiscal 2011 was a record year for Nissan in terms of sales and growth. Despite natural disasters  and currency exchange headwinds, we demonstrated our ability to manage successfully through  crisis, quickly focusing on the actions required to protect the company and to ensure business  continuity. Against a turbulent environment caused by factors out of our control, we made  substantial progress across many fronts during 2011. In June, we unveiled a comprehensive,  structured mid-term business plan: Nissan Power 88, a six-year program for growth.  The word Power symbolizes our goals for brand and sales development, combined with greater  focus on the overall customer experience. The numerals 88 represent our targets of 8% global  market share and a sustainable 8% operating profit margin. The six-year timeframe reflects our  confidence to make the necessary strategic investments in products, technologies and  geographic growth that will benefit the company far beyond the end of the plan. Nissan made progress on multiple fronts during 2011. We made new investments to expand our  global manufacturing footprint and we further utilized our Alliance with Renault and our growing  network of partners. In China, Nissan’s largest global market, we started production of the Tiida  hatchback at the second Huadu plant. Huadu is now our largest manufacturing facility worldwide,  with annual production capacity of 600,000 units, illustrating the strength of our joint venture with  Dongfeng, our Chinese partner. In Brazil and Mexico, we announced new manufacturing plants in  Resende and Aguascalientes, respectively. These investments will contribute to production capacity  in the Americas of 2,000,000 units by 2014, up from 1,200,000 units last year (2011).  In March, we announced the return of Datsun. We are now preparing for the return of this  iconic brand in India, Indonesia and Russia starting in 2014, bringing modern, high-value and  robust products to the rapidly expanding middle classes in these important growth markets. In  2011, our light commercial vehicle business passed a significant milestone with sales exceeding  1,000,000 vehicles for the first time and keeping us on track to make Nissan the world’s largest  LCV manufacturer by 2016.  Partnerships and Global Reach Nissan has the most enduring and successful network of global partners. This network extends  from our Alliance with Renault to our growing strategic cooperation with Daimler, Ashok Leyland,  Mitsubishi and now AvtoVAZ. At a time when many manufacturers are just starting to work  together, Nissan has a proven track record of managing successful relationships with other  automakers.  In fiscal 2011 we launched our mid-term  business roadmap, Nissan Power 88, and made  solid progress toward achieving the milestones  it sets for us. Our robust partnerships and our  work to enhance Nissan’s brand and sales  power are paving the way for further growth. Corporate Data NISSAN Annual Report 2012