Nissan sees higher profits from US, Chinese markets

As the US auto market continues to resurge, Nissan is reporting higher profits in both the US and Chinese markets than anywhere else. Preliminary forecasts suggest that profits should more than triple over the coming year as demand finally starts to make a comeback. Nissan also has new products coming to both markets over the course of the year, which will no doubt boost brand sales across the board.

From AutoNews.com:

CEO expects Nissan’s sales in China to increase 14 percent this fiscal year, while North American deliveries may increase 13 percent to 1.2 million as the world’s second-largest auto market recovers from a recession.

Read the full article here.


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GM expands its outlook in China to 3 million cars a year by 2015

GM expanding China.As much as GM continues to struggle in the states, the automaker is hoping it can make a dent in China’s blooming market. Recent company statements show the company is hoping to sell 3 million cars a year by 2015. That’s not so far off. The Chevrolet Volt is expected to hit the Chinese market in 2011, and for some reason Buick continues to grow overseas. Whatever the reasons, GM is doing well in China’s young market, so it will be interesting to see how the next few years progress. Check out our full coverage on the topic at Dashboard News.

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