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Nissan forecasts 30% profit slump
By Yoann Besnard on 17 May 2008 | 
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Nissan has announced that its profit for this fiscal year will decrease by 30.5% due to a worsen global economy.
After announcing a £3.9 billion profit for the 2007 fiscal year, the Japanese carmaker has announced its profit would slump 30.5% to £2.4 billion. The company executives blame the weak dollar damaging the US profit, the rising material costs and rising gas prices.
Nissan will release new models this year in an attempt to maintain global sales despite gloomy markets. The carmaker has recently unveiled the new Teana destined for Asian market, the Maxima for the American market. Later this year, the eagerly-awaited 370Z, the infiniti G37 convertible will be also launched. In Japan, the carmaker will renew the top-selling Cube model.
