Nissan, 44 percent-owned by Renault SA, expects an operating profit of 120 billion yen ($1.3 billion) in the year to end-March, instead of the 100 billion yen loss it had forecast. "It's a strong showing, demonstrating both Nissan's ability to manage through the economic crisis as well as the returns from its investments in emerging markets, particularly China" said Marc Desmidt, COO Asian equities, at BlackRock.
Full Article at International Business Times