Breaking: Nissan Surprises With Strong Profits And Speedy Recovery. Will Own Zero Emission Market Until 2015

Bertel Schmitt
by Bertel Schmitt
breaking nissan surprises with strong profits and speedy recovery will own zero

Nissan CEO Carlos Ghosn treated reporters to his trademark Gallic body language and quick-witted repartees during the presentation of the fiscal year 2010 results today at Nissan’s swank waterfront headquarters in Yokohama. Ghosn delighted stockholders and analysts with the news that Japan’s #2 automaker made a net profit of 319.2 billion yen (US $3.72 billion) on net revenues of 8.7731 trillion yen (US $102.37 billion). Operating profit was 537.5 billion yen (US $6.27 billion). Ghosn created much happiness by announcing that the last quarter of the fiscal year, which ended on March 31, resulted in an operating profit of 88.6 billion yen ($1.1 billion), also exceeding expectations.

Like at Toyota yesterday, no guidance for this year’s performance was given.

Other than at Toyota yesterday, Ghosn did not threaten to pack up and leave if the yen won’t get weaker. He reaffirmed his commitment to producing a million cars in Japan. Easy for him to say: In the past fiscal, Nissan made only 28 percent of its cars in Japan, the bulk was made elsewhere. As Nissan grows, this percentage shrinks.

Nissan took a relatively sedate charge of 39.6 billion yen ($488 million) against earthquake losses. Nissan lost five people during the March 11 disaster. Two plants near the epicenter were hard hit. Nevertheless, Nissan plans to be back to normal in October.

Ghosn praised the first mover advantage of the Leaf: “By the time other manufacturers have their own production versions of electric cars ready for mass marketing, the Leaf will have accumulated years of real world experience. The Nissan Leaf and other electric models coming to Nissan and Renault will face very few zero emission competitors until at least 2015.”

More as I have worked through my notes.

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  • Cole Cole on May 12, 2011

    I'd have guessed Honda'd be #2.

    • See 3 previous
    • GiddyHitch GiddyHitch on May 12, 2011

      @GiddyHitch Ha, shows me. I guess that I'm too fixated on all of the X6s that I see out there and nowhere else.

  • Alan I would think Ford would beef up the drive line considering the torque increase, horse power isn't a factor here. I looked at a Harrop supercharger for my vehicle. Harrop offered two stages of performance. The first was a paltry 100hp to the wheels (12 000AUD)and the second was 250hp to the wheels ($20 000 (engine didn't rev harder so torque was significantly increased)). The Stage One had no drive line changes, but the Stage Two had drive line modifications. My vehicle weighs roughly the same as a full size pickup and the 400'ish hp I have is sufficient, I had little use for another 100 let alone 250hp. I couldn't see much difference in the actual supercharger setup other than a ratio change for the drive of the supercharger, so that extra $8 000 went into the drive line.
  • ToolGuy Question: F-150 FP700 ( Bronze or Black) supercharger kit is legal in 50 states, while the Mustang supercharger kit is banned in California -- why??
  • ToolGuy Last picture: Labeling the accelerator as "play" and the brake pedal as "pause" might be cute, but it feels wrong. It feels wrong because it is wrong, and it is wrong because Calculus.Sidebar: I have some in-laws who engage the accelerator and brake on a binary on/off all-in basis. So annoying as a passenger.Drive smoothly out there. 🙂
  • Johnny ringo It's an interesting vehicle, I'd like to see VW offer the two row Buzz in the states also.
  • Chuck Norton And guys are having wide spread issues with the 10 speed transmission with the HP numbers out of the factory......