May 14th, 2011 
admin 
Nissan says it rounded out a record year for car sales by making a return to profit in the fourth quarter. This was after a loss the year before but Chief Executive Carlos Ghosn acknowledged serious challenges from natural disasters of Japan.
Nissan Motor Co., allied with Renault SA of France, reported a 30.77 billion yen ($380 million) profit for January-March.
From news.yahoo.com:
Ghosn said production at Nissan plants worldwide will be back at pre-disaster levels by October, after which the company will make up for lost production.
He did not give an earnings forecast for the current fiscal year through March 2012, but promised projections would be ready by a shareholders’ meeting in June.
For the fiscal year ended March 2011, profit at Nissan, which makes the Leaf electric vehicle and the March subcompact, totaled 319.2 billion yen, more than seven times what it earned the previous year when Nissan was still recovering from the global financial crisis that battered auto sales.
Annual sales jumped nearly 17 percent to 8.77 trillion yen ($108 billion)
The Yokohama-based automaker sold 4.185 million vehicles for the fiscal year, up 19.1 percent from 3.515 million the previous year. The global auto industry had grown a smaller 12.6 percent during that period.
The 30.77 billion yen profit is a turnaround from a 11.6 billion yen loss a year earlier.
Posted in 
Tags: 
