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The Independent UK
The Independent UK
National
Yuri Kageyama

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

Nissan Japan Carlos Ghosn Japanese Yen
Copyright 2023 The Associated Press. All rights reserved.

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.

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