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Nissan Raises Full-Year Profit Forecast to Record $4.4 Billion
Auto maker bullish because of solid sales in the U.S. despite some emerging-market declines.
Nissan Motor Co. said Monday that solid U.S. sales would offset any slowdown in emerging markets, including China, and underlined the point by raising its full-year profit forecast to a record level. Nissan lifted its net profit outlook for the year through March 2016 by 10%, to 535 billion yen ($4.4 billion), a 17% increase from a year earlier. Sales are running at the fastest pace in 15 years in the U.S., but they have slowed in China, the world’s biggest auto market, after the stock market plunged. In many other emerging countries, where demand has already been weak, an expected interest-rate increase by the U.S. Federal Reserve is casting a further shadow.
Source: The Wall Street Journal