Nissan profits drop amid plunging global sales February 8, 2013 - 13:36 AMT PanARMENIAN.Net - Nissan Motor Co. suffered a 34.6 percent plunge in October-December profit to 54.1 billion yen ($579 million) as global sales languished, especially in China, where anti-Japanese sentiment flared over a territorial dispute, AP reported. Yokohama-based Nissan said Friday, February 8 its quarterly sales dipped 5.3 percent from a year earlier to 2.2 trillion yen ($23.5 billion). All the Japanese automakers are experiencing a sales decline in China, where a territorial dispute set off anti-Japanese riots and boycotts last year. A slowdown in Europe added to Nissan's woes. Nissan also struggled in the key U.S. market, which was booming for rival Toyota Motor Corp. Nissan stuck to its fiscal year forecast through March for a 320 billion yen ($3.4 billion) profit on 9.82 trillion yen ($105 billion) sales. Partner news  Top stories IFC invested $244 million in 40 projects across a range of sectors, including financial markets, manufacturing, and mining. Armenian Prime Minister addressed a letter to Public Services Regulatory Commission over the reconsideration of gas prices. Armenia’s Public Services Regulatory Commission plans to reconsider electricity generation and distribution prices. Edmon Manukyan been addressed by the residents of Armavir and Aragatsotn provinces whose crops have been damaged over a strong hail.   Partner news |  Latest news John Lennon’s guitar auctioned for $408,000  The custom-made instrument, built in 1966 by the VOX company, was bought by an unidentified U.S. buyer in New York.Egyptian police block border crossing with Israel amid kidnapping anger Egyptian police was enraged by the kidnapping of seven of their colleagues by Islamist gunmen in the Sinai Peninsula.Syrian forces storming rebel stronghold of Qusair Opposition groups say militants from the Lebanese Hezbollah movement are fighting alongside government forces.Benicio del Toro’s “Jimmy P” debuts in Cannes main competition The film is telling of the relationship between a troubled native American vet and his equally idiosyncratic therapist. |
