Nissan to Cut 20% of Models, Raise Sales Target in US, China

Nissan Motor Co. has unveiled a makeover of its aging lineup, setting ambitious targets to raise sales in the US and China a year after Chief Executive Officer Ivan Espinosa took charge of the ailing carmaker.

The Japanese manufacturer plans to reduce the number of models from 56 to 45 and streamline 80% of its volume into three main “families” of vehicles built on shared platforms and which are geared for its biggest regions, it said in a statement Tuesday.