Nissan predicts lower profit

A line of NP 200 vehicles at the Nissan plant wait to be fitted.

A line of NP 200 vehicles at the Nissan plant wait to be fitted.

Published Nov 9, 2017

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INTERNATIONAL - Nissan yesterday revised down its operating profit outlook to ¥645billion (R80.5bn) from ¥685bn for the current financial year after the carmaker admitted some of its vehicles had been produced without proper safety inspections for decades. 

The scandal prompted Japan’s second-largest carmaker to issue a recall of about 1.2million vehicles in Japan in October. Nissan maintained net profit forecast at ¥535bn and sales outlook at ¥11.8trillion for the year to March 2018. 

For the July-to-September period, Nissan posted an operating profit of ¥128.5bn, down 21.6percent from the same period last year, while sales were up 8.5percent to ¥2.9trln. 

- DPA 

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