Nissan’s Net Rises; Unit Sales Fall

Nissan Motor Co. reported a 4.2% jump in fiscal second-quarter profit Tuesday but acknowledged selling fewer vehicles around the world because of a lack of new models.

Group net income at Japan’s second-largest automaker totaled 110.2 billion yen ($945 million) in the quarter ended June 30. That was up from 105.7 billion yen in the same period a year earlier.

Quarterly revenue rose 3.1% to 2.2 trillion yen ($18.9 billion). Nissan sold 826,000 vehicles during the quarter, down 6% from a year earlier.

The Tokyo-based automaker has recently been in the limelight as it and partner Renault of France discuss a possible alliance with General Motors Corp.

“As we predicted, the first half is proving to be challenging as we face significant headwinds and only one new model introduction,” Chief Executive Carlos Ghosn said.

Nissan has promised a stronger second half, when it plans to release eight new models around the world.

The company maintained its profit forecast of 523 billion yen for the full fiscal year ending March 31.

Shares of Nissan rose 38 cents to $20.38.