Nissan’s operating profit was up 22.4% during its second quarter due to strong sales in the U.S. as well as a weak yen. However, the maker cut its global sales forecast by 3.5% for the year due to weaker than expected sales in China and softness in Japan.
Nissan plans to sell 5.45 million vehicles worldwide during its financial year, which ends March 2015.
Japan’s No. 2 automaker reported an operating profit of 139.34 billion yet ($1.2 billion), which beat analysts’ estimates. The big driver was strong sales in the U.S., which were up 13.7% during the quarter. Like most of the automakers in America, Nissan benefitted from low gas prices and a slowly recovering economy. (more…)