TOKYO: Nissan Motor Co, Japan's third largest carmaker, reported a 51% rise in annual operating profit yesterday and forecast further growth ahead, powered by product launches in the key US market for minivans and hot-selling sport utility vehicles (SUVs).
Nissan was hauled back from the brink of collapse by France’s Renault SA four years ago to become Japan’s most profitable carmaker. Its rivals are also expected to report bigger profits, helped by cost cuts and brisk US sales.
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