Nissan Motor Lifts Annual Profit Outlook

Nissan reported a surprising profit for the July-September quarter and raised its fiscal year forecast, despite production challenges due to part shortages. The company managed to offset reduced sales forecasts with cost-cutting measures. A supply-demand imbalance in the car market has led to higher profit margins per vehicle. Nissan is optimistic about returning to profit for the first time in three years, but faces challenges as market conditions normalize. The company plans to launch 12 new models as part of its turnaround strategy.

What were the figures released by Nissan that surprised analysts positively?

How did Nissan's profit forecast for the fiscal year change?

What factors contributed to Nissan's ability to maintain profit margins despite production cuts?

What is Nissan's strategy for introducing new models as part of its turnaround plan?

What challenges does Nissan face going forward in terms of vehicle sales?