Nissan’s quarterly profit rose nearly 8 percent, but the Japanese automaker lowered its full-year forecasts Tuesday because of a sales slump in China and weakness in Europe.
Nissan Motor Co. reported a July-September net profit of 106 billion yen ($1.3 billion), slightly better than the 96 billion yen ($1.2 billion) profit forecast by analysts surveyed by FactSet. Quarterly sales improved 5.5 percent to 2.4 trillion yen ($30 billion). Anti-Japanese sentiment has flared in recent months in China over a group of tiny islands controlled by Japan but also claimed by Beijing, setting off a boycott of Japanese products and some violent protests.
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