Nissan’s Q3 Net Income Reaches $480M

Japanese carmaker Nissan released today information regarding its financial performance in the third quarter of the 2009 fiscal year (ending March 31, 2010), with number showing a 45 billion yen ($480 million) net income. A better than expected result, says Nissan, mostly driven by scrapping incentives in major markets, the ever growing Chinese market and the measures set in place by the carmaker to cut cost.

"Our performance in the third quarter of fiscal 2009 is encouraging, demonstr… (read more)