--
 
WATCH: Bentley's new 467kW Continental GT

The new third-gen Bentley Continental GT boasts 467kW, 900Nm and a top speed of 333km/h.

Meet VW's SA-bound baby SUV, the T-Cross

A disguised prototype of the T-Cross, VW's new baby crossover SUV, is being tested on public roads.

Nissan sales up but profit dips on costs, China slowdown

2017-07-28 07:09

THROWING A LIFELINE: Nissan is in talks with Mitsubishi to acquire a 34% stake in the scandal-hit Japanese automaker. Image: iStock

Tokyo — Japanese automaker Nissan Motor Co. says that despite strong overall sales its quarterly profit dipped, squeezed by rising costs and slowing growth in China.

The company said Thursday that its April-June net profit was $1.2 billion, down 1% from 136.4 billion yen the same period the year before. Quarterly sales climbed 4% to $24.8 billion.

Nissan, which makes the Leaf electric car, March subcompact and Infiniti luxury models, stuck to its full year forecast through March 2018, for $4.8 billion profit on $106 billion sales.

Yokohama-based Nissan sold 1.35 million vehicles in the quarter, up 5% on year. Vehicle sales rose in Japan, the US, China and Europe, Nissan said.

NEXT ON WHEELS24X
Read more on:    nissan  |  china  |  car sales

There are new stories on the homepage. Click here to see them.