Asia autos correspondent, Tokyo
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Jun 27, 2011

Nissan targets 8 percent market share, margin in 6 years

YOKOHAMA, Japan (Reuters) – Nissan Motor (7201.T: Quote, Profile, Research, Stock Buzz) outlined plans to boost both its global market share and profit margin to 8 percent within six years, promising a new vehicle every six weeks on average to woo consumers away from rivals.

The new mid-term business plan, dubbed Nissan Power 88, will focus on the major emerging markets of Brazil, Russia, India and China, as well as newly developing ones in Southeast Asia, Chief Executive Carlos Ghosn said.

Jun 23, 2011

Nissan sees annual operating profit down 14 percent

YOKOHAMA, Japan (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research) forecast a better-than-expected 14.4 percent fall in annual operating profit on Thursday, defying a quake-induced setback in the past few months and projecting another year of record sales.

Japan’s No. 2 automaker forecast an operating profit of 460 billion yen ($5.7 billion) for the year to March 2012, above an average forecast of 432 billion yen in a survey of 21 analysts by Thomson Reuters I/B/E/S.

Jun 23, 2011

Nissan profit view beats consensus

YOKOHAMA, Japan (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research) forecast a better-than-expected 14.4 percent fall in annual operating profit on Thursday, defying a quake-induced setback in the past few months and projecting another year of record sales.

Japan’s No. 2 automaker forecast an operating profit of 460 billion yen (3.5 billion pounds) for the year to March 2012, above an average forecast of 432 billion yen in a survey of 21 analysts by Thomson Reuters I/B/E/S.

Jun 23, 2011

Nissan sees annual op profit down 14 percent, above consensus

YOKOHAMA, Japan (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz) forecast a better-than-expected 14.4 percent fall in annual operating profit on Thursday, defying a quake-induced setback in the past few months and projecting another year of record sales.

Japan’s No. 2 automaker forecast an operating profit of 460 billion yen ($5.7 billion) for the year to March 2012, above an average forecast of 432 billion yen in a survey of 21 analysts by Thomson Reuters I/B/E/S.

Jun 23, 2011

Suzuki surprises with forecast for profit rise

TOKYO, June 23 (Reuters) – Suzuki Motor Corp
forecast a better-than-expected 2.9 percent rise in annual
operating profit on Thursday powered by a sales surge in Asia
and a swift resolution to post-quake disruption to vehicle
production.

Suzuki said domestic factories were gradually returning to
conditions before the March 11 earthquake, allowing it to bring
back overtime from July and increase output in August compared
with a year earlier for the first time since the quake.

Jun 22, 2011

Nissan’s Ghosn: to forecast “significantly higher” sales

TOKYO (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz) will forecast “significantly higher” sales for fiscal 2011 on Thursday after restoring production more quickly than expected from a post-quake setback, CEO Carlos Ghosn told a Thomson Reuters Newsmaker event.

Nissan, like other Japanese automakers, had delayed providing this year’s financial forecasts due to uncertainty over when parts supplies would fully recover after the March 11 earthquake in Japan’s northeast.

Jun 22, 2011

Reuters Summit-UPDATE 1-Toyota could offset high yen with product mix

TOKYO, June 22 (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research) could
offset some of the pressure on profits from a strong yen by
making a higher-priced mix of vehicles in Japan, including
top-of-the-line luxury Lexus models, a senior executive said on
Wednesday.

Toyota Executive Vice President Yukitoshi Funo, who was
speaking at the Reuters Rebuilding Japan Summit in Tokyo, said a
U.S. dollar below 80 yen would put additional pressure on the
profitability of the automaker’s exports from Japan.

Jun 22, 2011

Reuters Summit-UPDATE 1-Nissan CEO Ghosn: to forecast ‘significantly higher’ sales

TOKYO, June 22 (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research) will
forecast “significantly higher” sales for fiscal 2011 on
Thursday after restoring production more quickly than expected
after the March 11 earthquake, CEO Carlos Ghosn told a Thomson
Reuters Newsmaker event in Tokyo.

Ghosn also said the carmaker would unveil new steps in the
coming weeks to accelerate its growth in the Brazilian market.

Jun 22, 2011

Reuters Summit-Nissan CEO Ghosn: to forecast ‘significantly higher’ sales

TOKYO, June 22 (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research) will
forecast “significantly higher” sales for fiscal 2011 on
Thursday after restoring production more quickly than expected
after the March 11 earthquake, CEO Carlos Ghosn told a Thomson
Reuters Newsmaker event in Tokyo.

Ghosn also said the carmaker would unveil new steps in the
coming weeks to accelerate its growth in the Brazilian market.

Jun 22, 2011

Toyota could offset high yen with product mix

TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) could offset some of the pressure on profits from a strong yen by making a higher-priced mix of vehicles in Japan, including top-of-the-line luxury Lexus models, a senior executive said on Wednesday.

Toyota Executive Vice President Yukitoshi Funo, who was speaking at the Reuters Rebuilding Japan Summit in Tokyo, said a U.S. dollar below 80 yen would put additional pressure on the profitability of the automaker’s exports from Japan.

    • About Chang-Ran

      "I have been covering the Japanese auto industry since 2002, broadening coverage to the Asian region in 2003."
      Joined Reuters:
      2000
      Languages:
      English, Japanese, Spanish
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