Tag: Japan’s Nissan Motors

Nissan hikes forecasts on weak yen despite falling unit sales

Tokyo, Japan (AFP) — Nissan on Wednesday upgraded its full-year profit forecasts, as the depreciating yen helps inflate its overseas profits, despite ongoing challenges including Covid shutdowns and the global chip shortage. The company now expects an annual net profit of 155 billion yen ($1.06 billion), up 5.0 billion yen from an earlier target for the year to March 2023. It also hiked annual sales figures, but said it now expects to sell 3.7 million […]