Nissan Turns First-Quarter Profit as Re:Nissan Cost Cuts Work
Nissan said its first-quarter results show a rapid turnaround: after being in the red a year ago, it posted a $496.5 million profit despite a challenging global economy. The automaker cited factors including US tariffs and reported 16 months of year-over-year retail sales growth, with revenue rising to $18.9 billion. Operating profit swung from a $504 million loss to a $496.5 million gain, supported by Re:Nissan cost cutting and new model success in Japan, while China remains difficult.