Japan’s Nissan Reports Better Profit as Chip Crunch Eases
TOKYO—Nissan reported a 55 percent jump in its October–December profit Thursday, as the Japanese automaker gears up for a less bumpy journey with its French alliance partner Renault.
Profit for the quarter at Yokohama-based Nissan Motor Co. totaled 50.6 billion yen ($386 million), up from 32.7 billion yen in the previous year.
Quarterly sales surged 29 percent to 2.8 trillion yen ($21 billion), as a shortage of computer chips that has bedeviled the world’s automakers gradually eased, according to Nissan.
The crunch was caused by pandemic-related disruptions that also hindered Nissan’s ability to deliver its vehicles to customers.
Some buyers were waiting for a year for their Z sportscars or Ariya sport utility vehicles, said Nissan’s chief operating officer, Ashwani Gupta….