NISSAN has claimed that its ‘Re:Nissan’ recovery plan has led it to a spectacular turnaround in profitability. Nissan said the turnaround was driven by improvements in manufacturing and vehicle cost efficiency, favourable currency movements, stronger sales performance and tighter cost discipline. Nissan said variable cost reductions in manufacturing, purchasing, research and development, and other functions made up most of the improvement. Nissan said performance in its other core markets remains aligned with full-year targets, with volumes outside China expected to increase year-on-year. Mr Espinosa also said the China market remains a significant challenge for Nissan as well as for the broader industry.