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Nissan's annual profit growth stalls

Agence France-PresseMay 10, 2013 15:13
Japan's Nissan said Friday that its annual net profit had barely moved from a year earlier despite market conditions that helped rivals Toyota and Honda book soaring profits. The pair logged huge gains largely owing to a sharply weaker yen and cost-cutting that helped inflate their bottom line. Nissan, part-owned by France's Renault, has also benefited from the yen's decline with its fourth-quarter earnings jumping due to the weaker currency. But its heavy exposure to China, the world's biggest vehicle market, and recession-riddled Europe slammed the brakes on growth.

Nissan cuts prices on 7 US models with hopes of showing up in more Internet searches

The Canadian PressMay 1, 2013 07:45
DETROIT - Nissan is cutting prices on seven of its 18 models in the U.S., hoping its cars and trucks will show up in more Internet searches by shoppers. The price cuts vary with the amount of equipment on each model. They run from 2.7 per cent, or $580, on the top-selling Altima midsize car to 10.7 per cent, or $4,400, on the Armada big SUV. Executives are under pressure to sell more cars, with Nissan's CEO targeting a 10 per cent U.S. market share within three years.

Nissan to invest $320 mn in India plant: report

February 22, 2013 03:15
Franco-Japanese automaker Renault-Nissan will invest $320 million to expand a complex in India, a report said Friday, as it looks to cash in on demand for low-cost vehicles in emerging markets. The auto giants will spend 30 billion yen ($320 million) to build a second plant at the site near southern Chennai city that will be able to produce 200,000 units annually by the end of 2014, Japan's Nikkei business daily said. The facility already has an output capacity of 400,000 units a year.

Nissan to invest $320 mn in India plant: report

February 21, 2013 23:16
Franco-Japanese automaker Renault-Nissan will invest $320 million to expand a complex in India, a report said Friday, as it looks to cash in on demand for low-cost vehicles in emerging markets. The auto giants will spend 30 billion yen ($320 million) to build a second plant at the site near southern Chennai city that will be able to produce 200,000 units annually by the end of 2014, Japan's Nikkei business daily said. The facility already has an output capacity of 400,000 units a year.

Nissan profit tumbles on China, Europe woes

February 8, 2013 06:31
Nissan's heavy exposure to China and recession-hit Europe slammed its earnings with the Japanese automaker saying Friday its net profit in the three months to December plunged 34.6 percent. But the company, part-owned by France's Renault, added that a weakening yen, cost cutting and a planned slate of new models helped it keep its previous full-year earnings forecast unchanged.

Nissan profit tumbles on China, Europe woes

February 8, 2013 06:02
Nissan's heavy exposure to China and recession-hit Europe took a bite out its earnings with the Japanese automaker saying Friday its net profit in the three months to December plunged 34.6 percent. But a weakening yen, cost cutting and a planned slate of new models helped the company, part-owned by France's Renault, keep its full-year forecast unchanged. Nissan Chief Executive Carlos Ghosn criticised his company's quarterly results, saying they fell below expectations as the automaker also reported that nine-month profit was down about 12 percent year on year.

Nissan December-quarter net profit falls 34.6%

February 8, 2013 04:46
Nissan said Friday its net profit in the October-December quarter tumbled 34.6 percent from a year earlier, but the Japanese automaker kept its full-year profit forecast unchanged. The company said it earned 54.1 billion yen ($582 million) in the period on sales of 2.21 trillion yen, down 5.3 percent on-year. It expects to book a net profit of 320 billion yen in the fiscal year to March.
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