Nissan announces Q3 profit increase

Japanese car manufacturer Nissan has announced an increase in profits for the third financial quarter of 2007.

The company states that a 132.2 billion yen (£550 million) net income for the period, which is an increase of 26.6 per cent against the same quarter one year earlier.

Nissan president and chief executive Carlos Ghosn cited the impact of new products launched by the firm in the last 12 months.

These include the Livina, X-Trail, Altima coupe and Infiniti Ex, while the company is gearing up for the release of the Murano and Frontier Navara Single Cab pickup.

"Nissan has benefited from the success of the new products launched during the past 12 months," he said.

Mr Ghosn added: "Although the market outlook remains volatile for the coming months, Nissan is focused and on track to deliver our full year objectives."

Founded in 1932, Nissan formerly operated under the Datsun brand name.

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