Nissan sees higher profit on U.S., China sales

Looks like the combo of a recovering North American market and the booming Chinese market makes for bigger profits for Nissan. Forecasts are for profits to more than triple for the fiscal year and the near term looks good from our seats. Nissan has some new products hitting the market this year and early next year so it will be interesting to see how those products are received in the market place.

From AutoNews.com:

TOKYO (Bloomberg) — Nissan Motor Co. forecast profit will more than triple this fiscal year as auto demand recovers in North America and sales grow in China.

Nissan, Japan’s third-largest automaker, may boost net income to 150 billion yen ($1.6 billion) for the year ending March 31, from 42.4 billion yen a year earlier, the company said in a statement today. Sales may rise to 8.2 trillion yen from 7.5 trillion yen.

CEO expects Nissan’s sales in China to increase 14 percent this fiscal year, while North American deliveries may increase 13 percent to 1.2 million as the world’s second-largest auto market recovers from a recession.

Read the full article here.


Photo from fOTOGLIF

  

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