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:

Comments

Recommended

Hyundai Motor Group – including both Hyundai Motor and Kia Motors – has disclosed a wide-ranging plan to introduce 31 environment-friendly models in a new development roadmap that aims to...
by - August 22, 2017
Over a decade ago, Pagani took the Zonda to the Geneva Motor Show. The Zonda hypercar was then set to retire in 2013 together with the track-focused Revolucion. But here...
by - August 22, 2017
The newest Porsche Cayenne is scheduled be unwrapped by the end of the month after completing endurance tests worth 2.7 million miles. Since we are just a few weeks away...
by - August 22, 2017
This is the time of the year when automakers give us teasers and previews of their upcoming models. Now, it seems like BMW is ready to unveil the M5 (F90)...
by - August 22, 2017
It is quite common to revive classic cars if you have a lot of extra money. Models like the Jaguar XKSS and Aston Martin’s DB4 GT have been upgraded to...
by - August 21, 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