Nissan Profit Soars On Record Sales Amid Disaster

By: Associated Press
By: Associated Press

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Friday, May 11, 2012

Nissan Motor Co.'s January-March profit has more than doubled to $941 million as the Japanese automaker achieved record sales despite production disruptions from last year's tsunami.

Nissan annual global sales reached a record 4.85 million vehicles, showing a remarkably quick recovery from the March 2011 earthquake that ravaged much of northeastern Japan.

Nissan continues to be bullish, expecting to sell 5.35 million vehicles this fiscal year, up 10 percent for another record.

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