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Tokyo (ANTARA News/Asia Pulse) - Nissan Motor Co. (TSE:7201) is anticipating a group operating profit of 290 billion yen (US$3.2 billion) in the year through March 31, a dramatic improvement from a 428 billion yen loss a year earlier, thanks to sales growth in China and cost reductions.

"Our Chinese operations have been doing extremely well," Chief Operating Officer Toshiyuki Shiga said at a news conference Tuesday. "We experienced 80-90 per cent growth again in January." Nissan expects its Chinese sales to jump 39 per cent to 756,000 vehicles in the current fiscal year, its highest growth in any region worldwide.

The figure not only tops its earlier projection by 44,000 units, but also beats Toyota Motor Corp.'s (TSE:7203) forecast of a 21 per cent increase to about 710,000 vehicles and Honda Motor Co.'s (TSE:7267) projection of a 23 per cent rise to 580,000 units.


Source:
Business in Asia Today - Feb.10, 2010
published by Asia Pulse

Editor: Ricka
COPYRIGHT © 2012

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