TOKYO, Feb 8 — Nissan today hiked its annual net profit forecast again on strong interim results, aiming to weather the global chip shortage as it shifts focus to electric vehicles.
“Although the sales volume forecast for fiscal 2021 remains unchanged at 3.8 million units, the severe semiconductor shortage and the increase of Covid-19 infections due to the spread of the Omicron strain are affecting plant operations,” the company said in a statement. The car giant reported a net profit of 201.3 billion yen in April-December 2021, compared with a net loss of ¥367.7 billion in the same period the previous year, when virus lockdowns hit the auto industry hard.
This led to “a significant increase in net revenue per unit of major, new models”, while profit also improved “thanks to financial discipline and strict control of fixed costs”. But Takada warned that the semiconductor situation “might take longer than expected” to improve as companies in different industries compete for the essential components.
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