Nissan profits drop amid plunging global salesFebruary 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. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |