CHICAGO Nissan Motor Co. Ltd.
recorded a profit of 342 million yen ($4.1 billion) on revenues
of 9.63 trillion yen ($116.2 billion) for its fiscal year ended
March 31. Profits rose 0.3 percent on sales that grew 2.3
percent compared with fiscal 2011.
(The year) was marked by
both successes and challenges for Nissan, president and
chief executive officer Carlos Ghosn said in a May 10
statement. We have taken measures that will enable us to
navigate the headwinds that lie ahead and resume significant
Sales in the United States rose
5.4 percent to 1.14 million units. The company expects U.S.
sales will rise 11.6 percent to 1.27 million units in fiscal
2013, Ghosn told investors on an earnings call.
Meanwhile, global vehicle sales
reached a record high of 4.91 million units, up 1.4 percent
over the prior year. Nissan expects sales to rise 7.8 percent
to 5.3 million units in 2013, as the automaker plans to launch
several new vehicles.
We have a strategy in
place to achieve an 8-percent global market share and a
sustainable 8-percent operating profit margin by fiscal year
2016, Ghosn said.
Nissan has leveraged its
industry partnerships to optimize investments, reduce costs,
enhance efficiencies and boost sales. For example, its alliance
with Boulogne-Billancourt, France-based Renault SA delivered
Û2.6 billion ($3.4 billion) in synergies in fiscal 2012,
Four months ago, the Yokohama, Japan-based company announced
a fuel-cell technology collaboration with Stuttgart,
Germany-based Daimler and Dearborn, Mich.-based Ford Motor Co.
Our goal is to accelerate the launch of the worlds
first affordable, mass-market fuel cell electric vehicles by as
early as 2017, Ghosn said.