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Nissan Motor Co. is on track to achieve the operating profit margin target it laid out in its turnaround plan despite recent parts shortages that have hammered Japan’s auto industry, Chief Executive Officer Makoto Uchida has said in an interview.

The carmaker will be able to achieve an operating profit margin of 2% or more for the fiscal year ending March, thanks to efforts to cut fixed costs, according to Uchida. “We’re gaining traction,” he said Monday at Nissan’s headquarters in Yokohama.

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