business

Nissan reports 38% rise in profit

9 Comments
By YURI KAGEYAMA

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9 Comments
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Nissan's profit is up? The US is buying Nissans along with Toyotas to give to IS? I see.

-6 ( +0 / -6 )

You should be thanking Mr Abe for inflating the Yen around 30%

-2 ( +2 / -4 )

Rather expected, actually, since these are exactly the kinds of folks Abenomics is meant to help, while casting the common (non-corporate) people aside.

-1 ( +3 / -4 )

You should be thanking Mr Abe for inflating the Yen around 30% the Yen is at about the level of pre WFC, just proves an artificially high yen under 100yen/$1 hursts the economy a lot more than a weaker one. tourism is booming , Chinese are buy 100s millions yen of goods, only because the yen is where it is. Japanese companies are competitve once again. having a strong yen and all that will dry up again. sorry import lovers but you may have to buy that Japanese made item instead and actually help the economy instead of sending your money overseas.

0 ( +2 / -2 )

I think Nissan--using the experience learned from the Leaf all-electric car--could be ready for the next step forward in electric car revolution once battery technology advances in the next 10-15 years. In fact, Nissan has almost as much electric car experience as Tesla, in my opinion.

2 ( +2 / -0 )

"Japanese automakers are all getting a perk from the weak yen, which helps boost the value of their overseas earnings."

This stuff always gives me a chuckle. No... it could not POSSIBLY be true that Nissan and other Japanese car manufacturers manage to build great cars that people really want to buy. It must be by some trickery or accounting gimmick that they can keep making profits and US and European manufacturers stumble from one disaster to the next. Yeah, right. Spare me the excuses, Detroit.

The other half of the joke is that this excuse is so obviously false. Anyone who follows exchange rates knows that they are not much changed from last year, so year on year data are going to be roughly comparable. And sure, when the yen is at 70 to the dollar, the recorded profits will take a hit, but over the last 25 years, as the yen has gone from 150 to 70 and back several times, Japanese manufacturers have increased profits, market share, and reputations for quality. Most Japanese manufacturers produce better cars in America using American suppliers and American labor than Detroit does. Even Subaru and Mitsubishi are investing in America, even with the high dollar, while Ford and GM outsource and offshore their operations.

That ain't the yen, people. And believing that it is... well, denial is not going to make any non-Japanese manufacturer better off.

1 ( +2 / -1 )

No... it could not POSSIBLY be true that Nissan and other Japanese car manufacturers manage to build great cars >that people really want to buy.

Funny because TTAC just had an article "Nissan Doesn't Make a Single Car You Want To Buy"....granted the site is aimed at car enthusiasts (and the author inexplicably dismisses the GT-R), but Nissan's lineup is pretty damn dull....far less interesting than Toyota's IMO (at least Toyota has the GT86 coupe and Mark X sedan).

It must be by some trickery or accounting gimmick that they can keep making profits and US and European >manufacturers stumble from one disaster to the next. Yeah, right. Spare me the excuses, Detroit.

Japan has had its fair share of disasters, unless you were asleep during the whole "Takata airbag" thing. While GM has had the ignition scandal, and Fiat-Chrysler on the whole stumbles around with a muddled lineup and too many brands, Ford is knocking things out of the park right now. The aluminum-chassis F-150, new Mustang (especially the GT350 with flatplane crank, 500+hp), Ford Focus RS (a better AWD hot hatch than anything coming out of Japan OR Europe), and the Ford GT halo car......yeah, it's not all doom and gloom in Detroit.

I'm generally a Chevy/Toyota fan but I'm pretty pleased with Ford's management and success lately.

-1 ( +1 / -2 )

Wow so much hate...if the Americans hate Japanese cars and prefer to support their own car industry, they can buy American cars and stop bashing Japanese carmakers in every news, also when they are good news. I don't get them.

0 ( +0 / -0 )

Oh I like that Concept on teh third image, looks like the next gen Skyline

0 ( +0 / -0 )

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