CHICAGO Nissan Motor Co.
Ltd. boosted both production volumes and sales in North America
during the first half of its fiscal year.
Nissan manufactured 646,000
vehicles in North America during the six months ended Oct. 30,
up nearly 15.2 percent from 561,000 in the same period last
year, while global output rose 11.3 percent to 2,475,000
The automaker posted fiscal
first-half net income of 178.3 billion yen ($2.22 billion),
down 2.8 percent from 183.4 billion yen a year earlier despite
a 4.1-percent increase in sales to nearly 4.55 trillion yen
($56.63 billion). North American revenue rose 12 percent to
more than 1.69 trillion yen ($21.09 billion) but operating
earnings fell 31.6 percent to 90.7 billion yen ($1.13
"Nissan has delivered solid
results in the (fiscal) first half despite the continued
appreciation of the yen, particularly difficult conditions in
Europe and signs of slowing growth in China," chief operating
officer Toshiyuki Shiga said in a statement Tuesday. Nissan is
partnered with Frances Renault.
Given the overvalued yen, the
disrupted selling environment in China resulting from political
demonstrations and the challenging economic environment in
Europe, Nissan revised its full-year 2012 guidance to 5.08
million vehicles, down 5 percent from an earlier forecast of
5.35 million units, Shiga said. "In addition, in contrast to
the previous outlook for operating profit, due to the impact of
the strong yen, China and market conditions in Europe, we
expect a 125-billion-yen decrease in earnings."