Nissan Q1 profit up on strength in U.S. market

Newswire

TOKYO, July 29 (Reuters) - Nissan Motor Co. reported a 5.8 percent rise in quarterly operating profit on Thursday as Americans snapped up new models and helped to make up for declining sales in Japan. Operating profit for Japan's second-largest auto maker behind Toyota Motor Corp. was 186.3 billion yen ($1.67 billion) for the quarter ended June 30. Nissan, which reported quarterly profits for the first time, said net profit rose 4.5 percent to 123.2 billion yen. Nissan's sales in the ...

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