Nissan roars back!

It wasn’t that long ago when the future of Nissan wss in doubt so you have to give Carlos Ghosn credit for taking Nissan/Infiniti to the next level. Yes, Nissan just reported that Q1 profits doubled and annual sales set a new record.

From the Detroit Free Press:

TOKYO — Nissan’s January-March profit more than doubled to 75.3 billion yen ($941 million) as the Japanese automaker achieved record sales despite production disruptions from last year’s tsunami.

Nissan annual global sales reached a record 4.85 million vehicles, showing a quick recovery from the March 2011 earthquake that ravaged much of northeastern Japan, the Yokohama-based manufacturer said Friday.

Nissan continues to be bullish — expecting to sell 5.35 million vehicles this fiscal year, up 10% for another record.

It also raised its forecasts for the fiscal year through March 2013, to a 400 billion yen ($5 billion) profit, up from its earlier forecast for 290 billion yen ($3.6 billion).

President and CEO Carlos Ghosn said Nissan held up well in recent months amid serious hardships, including a slowdown in Europe, and was gearing up for more growth, banking on solid demand in China and other emerging markets.

Read the full article.


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