Thursday, April 26, 2007

UPDATE 1-Nissan Q4 up, sees modest 2007-08 rise

(Reuters) - TOKYO, April 26 - Nissan Motor Co. , Japan's third-biggest carmaker, posted a small increase in quarterly operating profit as it sold fewer vehicles than expected, and forecast a modest 3 percent profit rise this year.

Last year, Nissan was overtaken as Japan's second-biggest automaker by Honda Motor Co. and it lags its bigger domestic rivals in brand image, having lost years of aggressive research and development in the late 1990s while it scrambled to stay afloat.


Read more at Reuters.com Market News

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