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Nissan’s Quarterly Profit Falls Amid Computer Chip Crunch

Started by Epoch-Times-Bot, Nov 09, 2022, 11:15 PM

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Epoch-Times-Bot

Nissan's Quarterly Profit Falls Amid Computer Chip Crunch

TOKYO—Nissan's profit fell 68 percent in the last quarter as a shortage of computer chips hindered the Japanese automaker's ability to deliver vehicles to its customers.
Nissan Motor Co. reported Wednesday that its profit was 17.4 billion yen ($119 million) in the July-September, down from 54 billion yen the same period a year earlier. Quarterly sales jumped to 2.5 trillion yen ($17 billion) from 1.9 trillion yen a year ago.
The company’s chief executive, Makoto Uchida, acknowledged the company faces various headwinds, including a chips supply crunch that has slammed the global auto industry amid lockdowns and other restrictions related to the pandemic.
"But I can say our operations are definitely improving," he told reporters....

Source: Nissan's Quarterly Profit Falls Amid Computer Chip Crunch


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