3rd Quarter Blues: Nissan Reports 27 Percent Drop In Profit

TOKYO (AP) -- Nissan reports a 27 percent decline in profit for the July-through-September quarter on one-time expenses and higher taxes.

The results were erosion of overall sales grown and improved earnings in core auto operations.

Profit at Nissan Motor Company for the fiscal second quarter totaled 120.1 billion yen or 1.05 billion dollars, down from 164 billion yen the previous year.

Sales at Japan's third-largest automaker surged 13 percent on year as sales grew in the U.S., Europe, Russia and China. Nissan sold 941,000 vehicles worldwide, up 6.6 percent compared with a year ago.

Nissan's North American headquarters are in Nashville and the carmaker has plants in Smyrna and Decherd.

(Copyright 2007 by The Associated Press. All Rights Reserved.)


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