Mexican Media Brands
Nissan’s Quarterly Profits Rise 25%
Nissan Motor Co. reports its net profit in its fiscal third quarter ended Dec. 31 jumped to 127 billion yen ($1.1 billion) from 102 billion yen in the same period in 2014.
#economics
Share
Nissan Motor Co. reports its net profit in its fiscal third quarter ended Dec. 31 jumped to 127 billion yen ($1.1 billion) from 102 billion yen in the same period in 2014.
Revenue during the period rose 3% to 3 trillion yen ($26 billion), even though retail unit sales fell 8% to 383,000 units. Nissan says an 8% hike in vehicle deliveries in the U.S.—coupled with modest gains in Europe and China—were not enough to offset weaker demand in emerging markets.
The company reiterates that it expects its revenue and profit for the year ending March 31 will climb 8% to 12.3 trillion yen ($107 billion) and 17% to 535 billion yen ($4.7 billion), respectively.
Nissan reports global sales of 5.4 million cars and trucks in calendar 2015 compared with 5.3 million in 2014.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.