Nissan's fourth quarter profit surpassed Honda

Nissan's net profit from October to December (third quarter as the financial year in Japan) up to $ 970 million while revenue rose 5%. Nissan profits up 17%, reaching $ 3.8 billion in 2010 through Honda, became the Japanese automobile manufacturers ranked second.

"Although we run the risk of increasing the price of materials and foreign exchange rate fluctuations, we still put the good results," Chairman and CEO Carlos Ghosn said.

By the strong yen, the interest of the Japanese automobile sanxuat simultaneously reduced export sales also were down. During the third quarter, the average eat 83 1 USD Yen Yen compared to 90 last year.

Moreover, Japanese domestic vehicle sales also fell by the government to stop funding the purchase of fuel efficient vehicles.

Honda, maker of automobiles, motorcycles and other vehicles on diversity last week reported lower profits in the third quarter but projected to end fiscal year ended March 31, if both automobiles and other products will be $ 6.2 billion profit.

This week Toyota said profit in the year reached 5.8 million in Q3 despite reported interest decreased 39% in the third quarter.
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