Nissan's quarterly profit up on cheap yen, US sales growth - Chicago Daily Herald
5, 2015 file photo, Nissan electric vehicles sit on display at an auto dealership in Roswell, Ga. Nissan's April-June profit jumped 36 percent as the Japanese automaker benefited from a cheap yen and better sales in the U. S. and Europe. Nissan Motor Co. , which makes the March subcompact, Leaf electric car and Infiniti luxury models, reported Wednesday, July 29, a fiscal first quarter profit of 152. 8 billion yen ($1. 2 billion). TOKYO -- Nissan's April-June profit jumped 36 percent as the Japanese automaker benefited from a cheap yen and better sales in the U. S. and Europe. Nissan Motor Co. , which makes the March subcompact, Leaf electric car and Infiniti luxury models, reported Wednesday a fiscal first quarter profit of 152. 8 billion yen ($1. 2 billion). Nissan stuck to its forecast for a 485 billion yen ($4 billion) annual profit. "Given our on-going product offensive, the benefits of our alliance strategy and continued cost discipline, Nissan is on track to deliver its full-year financial guidance," said Carlos Ghosn, president and chief executive, who also heads alliance... It expects to sell 5. 55 million vehicles this fiscal year, up 4 percent from the previous year, as it offers models such as the Titan pick-up in the U. S. and the Lannia sedan in China. During the fiscal first quarter, Nissan launched the new Maxima sedan in the U. S. , and sales were also good in China, the company said. Source: www.dailyherald.com
