Nissan Profit Falls 16% on Stronger Yen, Higher Incentives
- Company doesn’t see potential for more growth in U.S. industry
- Aims to boost U.S. markeshare with updated Titan, Rogue
Toyota, Nissan Turn to Incentives in U.S. Market
This article is for subscribers only.
Nissan Motor Co. reported a 16 percent drop in second-quarter profit and predicted that industry demand in the U.S. and China, its two largest markets, will slow.
Net income declined to 146.1 billion yen ($1.4 billion) in the three months through September, as a stronger yen eroded overseas earnings and U.S. discounts increased, the automaker said on Monday.