Japanese automaker Nissan reports 92% jump in profit as sales surge [Yahoo! Finance]
NISSAN MOTOR LTD S/ADR (NSANY)
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Source: Yahoo! Finance
Annual sales surged nearly 20% to 12.7 trillion yen ($81.5 billion), Nissan Motor Co. said. For the January-March quarter, profit at Nissan, based in the port city of Yokohama, edged down slightly to 101.3 billion yen ($650 million) from 106.9 billion yen. Quarterly sales rose 13% to 3.5 trillion yen ($22 billion) for the maker of the Leaf electric car, Infiniti luxury models and Z sportscars. Chief Executive Makoto Uchida said Nissan was aiming for further growth under a strategy called “The Arc,” kicking in from last month, focusing on electric vehicles to boost sales. “We will do this step by step with a balanced product portfolio and by implementing optimal business strategies,” he told reporters. Nissan hopes to maintain its leadership in electric vehicles in the Japanese market with its Ariya sports-utility vehicle. Its new U.S. models include the Armada and Murano SUVs, and the Infiniti QX80 luxury model. Nissan has said it will mass produce electric vehicles power
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