Nissan’s Quarterly Profit Falls Amid Computer Chip Crunch
TOKYO—Nissan’s profit fell 68 percent in the last quarter as a shortage of computer chips hindered the Japanese automaker’s ability to deliver vehicles to its customers.
Nissan Motor Co. reported Wednesday that its profit was 17.4 billion yen ($119 million) in the July-September, down from 54 billion yen the same period a year earlier. Quarterly sales jumped to 2.5 trillion yen ($17 billion) from 1.9 trillion yen a year ago.
The company’s chief executive, Makoto Uchida, acknowledged the company faces various headwinds, including a chips supply crunch that has slammed the global auto industry amid lockdowns and other restrictions related to the pandemic.
“But I can say our operations are definitely improving,” he told reporters….