News Summary: Nissan profit soars on record sales

AP News
Posted: May 11, 2012 1:40 PM

SALES DRIVEN: Nissan Motor Co.'s January-March profit more than doubled to 75.3 billion yen ($941 million) as the Japanese automaker achieved record sales despite production disruptions from last year's tsunami.

CHARGED UP: Nissan, which makes the Leaf electric car and Infiniti luxury model expects to sell 5.35 million vehicles this fiscal year, a 10 percent increase. It also raised its earnings forecast for the fiscal year ending in March.

ON THE ROAD AGAIN: CEO Carlos Ghosn said Nissan held up well, desite a slowdown in Europe, and was banking on solid demand in China and other emerging markets.