Japanese automaker Nissan reports 92% jump in profit as sales surge

TOKYO — Nissan’s profit for the fiscal year through March jumped 92% to 426.6 billion yen as sales grew in all major global markets except China , the Japan ese automaker said Thursday.For the January-March quarter, profit at Nissan, based in the port city of Yokohama , edged down slightly to 101.3 billion yen from 106.9 billion yen.

Nissan hopes to maintain its leadership in electric vehicles in the Japanese market with its Ariya sports-utility vehicle. Its new U.S. models include the Armada and Murano SUVs, and the Infiniti QX80 luxury model.Toyota racks up booming profit, vows to invest to keep growth goingNissan and domestic rival Honda Motor Co.

The cheap yen has generally been a plus for Japanese exporters, including automakers, by raising the value of its overseas earnings when translated into yen.

Nissan Motor Co Ltd Financial Performance General News Earnings F World News Yokohama Business China I Japan World News

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