Mexican Media Brands
Nissan’s Operating Profit Surges 58%
Nissan Motor Co.'s operating profit in April-June jumped to 194 billion yen ($1.6 billion) from 123 billion yen on surging sales in North America.
#economics
Share
Nissan Motor Co.'s operating profit in April-June jumped to 194 billion yen ($1.6 billion) from 123 billion yen on surging sales in North America.
Net revenue climbed 18% to 2.9 trillion yen ($23.9 billion). Unit sales rose 4% to 1.29 million vehicles, pushing Nissan's share of the global market to 5.9% from 5.7% a year earlier.
Net income for the quarter surged 36% to 153 billion yen ($1.3 billion). An 11% drop in consolidated unit sales in Japan was offset by 14% growth in North America.
Nissan affirms targets of 5.55 million unit sales in the current fiscal year ending next March 31. The company expects full-year revenue of 12.1 trillion yen ($105.2 billion), an operating profit of 675 billion yen ($5.9 billion) and net income of 485 billion yen ($4.2 billion).
RELATED CONTENT
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.