1/21/2024 0 Comments Sleek bill softwareThis advertisement has not loaded yet, but your article continues below. That target is still better than the 3.3 million vehicles sold in the previous fiscal year. Nissan lowered its sales forecast for the year through March 2024 to 3.7 million vehicles, down from an earlier projection of 4 million vehicles. Quarterly sales grew 36% from a year earlier to 2.92 trillion yen ($20.8 billion). A weak yen raises the value of Japanese companies’ overseas earnings when they are converted into yen. Weakness in the Japanese yen also helped Nissan’s bottom line. Sales in most markets were robust, offsetting weakness in China, it said. Nissan also announced financial results, which showed that its net profit more than doubled to 105.5 billion yen ($753 million) in April-June. The deal initially announced earlier this year also calls for the companies to work together on marketing, vehicles and technology in Latin America, India and Europe. When the alliance was set up in 1999, Nissan was on the verge of bankruptcy. The change is subject to regulatory approval. “The agreements that have been signed today allow us to step into the next chapter of the alliance,” said Jean-Dominique Senard, chairman of the alliance. Activate your Online Access Now Article content If you are a Home delivery print subscriber, unlimited online access is included in your subscription. Manage Print Subscription / Tax Receipt.
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