"For the First Quarter of FY2016, Nissan is reporting solid financial results despite currency headwinds and continued volatility in the emerging-markets. Healthy demand for our core products in North America and Western Europe and our continued focus on cost efficiencies contributed to improvement in the underlying business performance, which has offset most of the negative FX headwinds, which have been significant."
At Auto China 2016, Nissan unveiled the all-new Tiida and announced the local launch of Maxima, strengthening its product offering for young consumers in China. Additionally, the Nissan IDS Concept premiered, bringing the company’s vision for the future of EVs and autonomous driving (AD) to China. Following are remarks from a media round table session during the show with Renault-Nissan Alliance CEO Carlos Ghosn.
In his latest LinkedIn Influencer post, Renault-Nissan Alliance CEO Carlos Ghosn addresses the issue of "disruption" in the auto industry and competitors who promise a new approach to what a car can be.
In New York today, Nissan chairman and Chief Executive Officer Carlos Ghosn gave the keynote address to open the 2016 New York International Auto Show at the Jacob K. Javits Convention Center in Manhattan.
Tagawa: "Nissan delivered solid financial and operational results for the nine month period. Our results reflected strong performance in North America and Western Europe, which offset volatility in foreign exchange rates, including the lessening of the yen/US dollar tailwind, and declining market conditions in several emerging markets."
"Overall, Nissan delivered solid business results for the period. This reflected a strong performance in North America and Western Europe; increased unit sales in China; and the benefits of our continued cost discipline and the favorable impact in year-over-year changes to the yen-dollar exchange rate. These trends helped offset declining market conditions in Japan and several emerging markets. Today's reported earnings are solid and show the company's overall performance continues to improve."
"Today, Nissan is reporting solid financial results for the first quarter of fiscal year 2015 against a mixed backdrop for the global economy, and a varied performance in the different regions in which we operate."
CCO Hiroto Saikawa: "In fiscal year 2014, Nissan emerged as a stronger company with solid results. During my review of the past year, you will see that our results reflect both the progress that we have made to improve our operations and the challenging business environment that exists in some markets, such as the emerging markets."
Ghosn: "Nissan is reporting solid financial results for fiscal year 2014 despite challenging market conditions, particularly in Japan and some emerging markets. Nissan’s Operating Profit and Net Income exceeded our prior guidance and the comparable year-ago levels. The company generated significant Automotive Free Cash Flow and our Balance Sheet strengthened."