May 11, 2017
Nissan reports 27% jump in annual profits.
Nissan has seen annual profits jump 27%, boosted by better sales in China, the US and Europe. Nissan forecast profits would drop by about 20% this financial year, partly due to currency fluctuations. Earlier this week rival Toyota reported a fall in annual profits for the first time in five years, and warned this year risked being tougher still. Globally, Nissan sold a total of 5.63 million vehicles across the year, with the biggest jump in sales being its 8.4% growth in China. The new financial year at Nissan also marks a new era of leadership, with Carlos Ghosn stepping down as chief executive but remaining as chairman.
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