The Industry's Leading Source For F&I, Sales And Technology

Finance

Nissan Expects to be at Full Production by October

June 24, 2011

YOKOHMAMA, Japan — Nissan Motor Co. Ltd. announced its financial forecasts for fiscal year 2011 (April 1, 2011 through March 31, 2012). Based on foreign exchange rate assumptions of 80.0 yen/dollar and 115.0 yen/euro, Nissan anticipates net revenues of $117.5 billion, operating profit of $5.75 billion and ordinary profit of $5.51 billion.

The company expects to see with capital expenditures totaling  at $5.13 billion. R&D expenses are expected to reach $5.75 billion.

Global sales for fiscal year 2011 are forecasted to be 4.6 million units, an increase of 9.9%  over last year. In addition, the company is planning to double dividend payments for fiscal year 2011 to 20 yen, or about 25 cents, for the full year.

Nissan anticipates a return to full unrestricted production in October as parts suppliers fully recover from the March 11 Japanese earthquake.

"Continuous growth in 2011 will bring Nissan a new record volume," said Carlos Ghosn, Nissan president and CEO. "The unrelenting work ethic of Nissan employees is an inspiration – particularly after one of the worst natural disasters in modern history. The high level of motivation and performance of our Nissan team continues to be the foundation of our success."

Your Comment

Please note that comments may be moderated. 
Leave this field empty:
Your Name:  
Your Email:  

CLOSE [X]

READ NEXT

CNA National Introduces “Z Series” VSC Program

The Z Series vehicle service contract program features expanded coverage definitions and terms based on input from CNA National's agents and dealers.