New models lift Nissan profits

Sunday, February 20. 2005

New models lift Nissan profits

Nissan Motor Co., Japan's second-largest automaker, said third-quarter net income rose 6.9 percent on demand for new models including a revamped Pathfinder SUV in the United States and the Fuga luxury sedan in Japan.

Profit rose to 134.2 billion yen ($1.27 billion) in the three months ended Dec. 31 from 125.6 billion yen a year earlier, the Tokyo-based company said. Sales climbed 15 percent to 2.09 trillion yen. Nissan maintained its forecast for a fifth consecutive year of record earnings.

A wider range of light trucks, produced in a factory opened in Mississippi in 2003, is helping Nissan win U.S. market share from Ford Motor Co. and General Motors Corp. Nissan also sustained profit growth by negotiating lower costs from suppliers and expanding U.S. production to limit the impact of a stronger yen.

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New models lift Nissan profits

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Sunday, February 20. 2005

New models lift Nissan profits

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