Profits in focus at Nissan

|About: Nissan Motor Co., Ltd. ADR (NSANY)|By:, SA News Editor

Nissan (NSANY) is willing to sacrifice global market share in order to reach a goal of 8% profit margins by the end of 2017, according to execs.

Improving sales in China and a strong yen have helped the automaker move profits in the right direction.

For Q4, Nissan bested analyst estimates with a 56.8% Y/Y increase in profits to ¥84.3B ($824M).