Nissan reported a profit for the July-September quarter, managing to reverse earlier losses despite challenges that include shortages of computer chips and rising costs for materials.
The 54.1 billion yen profit for the last quarter compared with a 44 billion yen loss racked up in the same period of 2020.
Chief Operating Officer Ashwani Gupta began his presentation by apologizing to customers for disruptions to deliveries of products because of the chips crunch, which has affected all the major automakers including Toyota Motor Corp. Gupta said the upward revision in Nissan's profit outlook was despite an expectation that sales for the year will total 3.8 million vehicles, down from an earlier estimate of 4.4 million vehicles.
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