Nissan forecast global retail sales this financial year at 3.7 million vehicles, up 7.5% from the 3.4 million sold last fiscal year
Japan’s Nissan Motor expects to beat analyst estimates with a 5.5 per cent rise in operating profit this fiscal year on higher global sales, it said on Thursday, while warning that intense competition and challenges from inflation would continue.
It also expects foreign exchange moves to boost its annual results, helping to offset inflationary pressures. The forecast includes an expected 13.3 per cent rise in North American sales to 1.4 million vehicles.
Canada News Breaking News Video Canadian Breaking News Breaking News Globe And Mail Breaking News Globe And Mail Canada News Photos World News Local News National News Us News Foreign News Sports News Arts News Life News Lifestyle Canada Traffic Canada Weather Trudeau Government Federal Government Canada Sports Canada Sports News Politics Politics News Political News Political Opinion Environment Economy Technology Education Travel Canada Alberta Bc British Columbia Manitoba Ontario Quebec Nova Scotia Pei New Brunswick Newfoundland And Labrador Nunavut Northwest Territories Yukon Globe And Mail
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nissan Full-Year Profit Misses Estimates as Sales Miss TargetNissan Motor Co. said full-year operating profit came in at ¥530 billion ($3.4 billion) — 15% lower than it forecast as recently as February.
Read more »
Nissan Looks to Tesla’s Style of Carmaking to Build Cheaper EVsNissan Motor Co. will use gigacasting, a manufacturing process pioneered by Tesla Inc., to make part of its electric vehicles as the automaker joins global rivals in pursuing the innovation to cut costs.
Read more »
Nissan Expects to Mass Produce Next-Generation Electric Vehicles with Advanced BatteriesNissan plans to mass produce electric vehicles powered by advanced next-generation batteries by early 2029, aiming to catch up with newer rivals in the all-electric auto sector. The company sees solid-state batteries as the next step for EVs, offering more power, lower cost, improved safety, and faster charging.
Read more »
Nissan Drops After Missing Annual Profit Forecast on Weak SalesNissan Motor Co. fell the most in a month after warning that full-year operating profit came in 15% lower than it forecast as recently as February as sales fell short of expectations.
Read more »
Cars & Concepts: New or refreshed offerings from Infiniti, Nissan, Kia and morepCars & Concepts is a showcases of new or refreshed vehicles recently on sale in or destine for the Canadian market. Here are offerings from Infiniti, Nissan, Kia, Mercedes-Benz and Hyundai./p
Read more »
Nissan CEO: committed to staying in China but strategy there must changeExplore stories from Atlantic Canada.
Read more »