WSJ Tech News Briefing · Monday, August 3, 2026
Nissan announced its first quarterly net profit in two years, driven by increased sales in the US and Japan, alongside cost reductions and foreign exchange gains. However, the Japanese automaker now forecasts an 11% drop in sales in China, exceeding its previous projection, due to economic slowdown and a quicker shift to electric vehicles. The company's CEO noted that ongoing logistics costs and geopolitical uncertainty could impact profitability until supply chains stabilize.
“And Nissan has reported its first quarterly net profit in two years.”
“The Japanese carmaker said today sales grew in US and Japanese markets while cost cuts and foreign exchange gains helped boost its bottom line.”
“However, the company is now projecting an 11% drop in sales in China, steeper than the 8.7% decline it had previously forecast.”
“Nissan attributed weaker Chinese sales to slowed economic growth and an accelerated shift to electric vehicles due to higher fuel costs caused by the Iran war.”