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April 26, 2006

Nissan Vows a New-Model Blitz

From today's NYT:

TOKYO, April 25 — Nissan Motor reported its sixth consecutive year of higher profit on Tuesday and said it would start an "offensive" of new vehicle releases to try to seize market share.

Nissan, which is 44 percent owned by Renault, reported higher sales in the United States and China. Earnings also received a lift from a strong dollar, which raised the yen value of overseas profits, the company said.

Nissan said net profit rose 1.1 percent, to 518.05 billion yen ($4.57 billion) for the year ended March 31. Sales rose 9.9 percent, to 9.428 trillion yen ($83.2 billion).


Those interested in reading more about the 2006 NYC Auto show, click here.

Posted by Becky at April 26, 2006 2:53 PM Posted to International