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The Independent UK
The Independent UK
National
Via AP news wire

Japan's Nissan returns to profit despite chips shortages

Copyright 2022 The Associated Press. All rights reserved

Japanese automaker Nissan returned to profitability in the last fiscal year for the first time in three years, despite challenges such as supply shortages caused by the pandemic and soaring costs.

Nissan Motor Co. reported Thursday a net profit of 215.5 billion yen ($1.7 billion) for the fiscal year through March, a reversal from the 448.7 billion yen loss recorded the previous fiscal year.

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