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Strong U.S. Sales Lift Nissan Earnings

Published Monday, November 01, 2004

Strong sales of cars and light trucks propelled earnings for Japan-based Nissan Motor Co. to $2.17 billion (238.8 billion yen) on 12.7% higher revenues of $36.5 billion (4.008 trillion yen) for the first six months of fiscal 2005 – an increase of 0.5% from the same period in fiscal 2004. “Many of the external risks we forecast at the beginning of the year have materialized, including higher incentives, commodity prices and interest rates,” said Nissan President and CEO Carlos Ghosn. “Despite this challenging environment, we still achieved strong results for the first half due to robust sales in ...

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