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LimitedReach@alien.topB to Cars@gearhead.townEnglish · 2 years ago

Japanese automaker Nissan's profits zoom on strong sales, favorable exchange rates

finance.yahoo.com

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Japanese automaker Nissan's profits zoom on strong sales, favorable exchange rates

finance.yahoo.com

LimitedReach@alien.topB to Cars@gearhead.townEnglish · 2 years ago
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Nissan’s profit zoomed up more than 10-fold in July-September from a year earlier, boosted by a weak Japanese yen and strong vehicle sales around the world. The Japanese automaker, allied with Renault SA of France, reported a 190.7 billion yen ($1.3 billion) profit in the last quarter, up from 17.4 billion yen the year before. Quarterly sales surged 25% to 3.15 trillion yen ($20.9 billion), the company said Thursday.
  • boostedjoose@alien.topB
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    2 years ago

    I like how the reason for profit is because of the exchange rate, and not because Nissan figured out how to make a new desirable vehicle.

    • statmelt@alien.topB
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      2 years ago

      The article says sales increased 40% year on year in North America.

    • Silent_Selection_582@alien.topB
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      2 years ago

      Shhh raiding Japan is a sustainable model

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