Nissan raises sales forecast by almost four times in the last quarter

Article by Christian A., on November 4, 2010

It appears that Nissan is very confident that its sales will be increased in the upcoming months, as the Japanese manufacturer raised its profit and global unit-sales forecasts again.

According to the latest reports, Nissan expects a billion yen ($3.3 billion) profit in the year ending March. The previous forecast was 120 billion yen.

For those who don’t know, Nissan sales rose to 2.27 trillion yen from 1.87 trillion yen a year earlier, and the manufacturer posted a 102 billion yen in net income.

“Nissan’s forecasts exceed the market’s consensus and its own guidance,” said Mitsuo Shimizu, an analyst at Cosmo Securities Co. in Tokyo. “Amid concerns about the global auto industry, investors may react positively to Nissan’s performance.” Nissan also bets on the new models such as the Juke compact crossover.

Furthermore Nissan also hopes to increase its sales with the new LEAF electric vehicle, which will make its debut on the market by the end of year.

Regarding Nissan’s shares, these rose 3.9 percent to 721 yen at the 3 p.m. close of trading on the Tokyo Stock Exchange. [via autonews- sub. required]

Topics: nissan, profit

If you liked the article, share on:

Pin It

Comments

Recommended

To the proud owners and owner-to-be of the Porsche 991 Carrera GTS, there's good news for you all. German automobile manufacturer Porsche recently confirmed to the public that the Porsche...
by - March 23, 2017
McLaren diehards, this is the moment that you're all waiting for. The British automaker recently publicized the teaser outline of its new automobile that will hit the streets soon, dubbed...
by - March 23, 2017
PSA seems very confident about conquering the world. The purchase of Opel/Vauxhall for €2.2 billion ($2.3B) from General Motors makes PSA the second largest car company, just behind the Volkswagen...
by - March 23, 2017
Reporting for duty. It’s been a year since the Victoria Police was loaned a new Mercedes-AMG GLE 63 S Coupe. In those 12 months, the coupe served as the law...
by - March 23, 2017
After making its debut at the Paris Motor Show last year as a concept car, the Trezor by Renault managed to bring home the 2016 Concept Car Design Of The...
by - March 23, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries