Nissan will sell more than three million cars this year, operating margin will be 'at least 10.6 per cent', and the company debt will be reduced to $662m, its president Carlos Ghosn told La Tribune newspaper in France.

Ghosn said Thursday he was "very confident" about his company's results for the full 2002 financial year ending March 31.

Renault holds a 44.4 per cent stake in Nissan, which has a 15 per cent share in the French car maker.