Japan's Nissan reports better profit as chip crunch eases

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Japan's Nissan reports better profit as chip crunch eases
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Nissan reported a 55 per cent jump in its October-December profit Thursday, as the Japanese automaker gears up for a less bumpy journey with its French alliance partner Renault.

Nissan reported a 55% jump in its October-December profit Thursday, as the Japanese automaker gears up for a less bumpy journey with its French alliance partner Renault.

The crunch was caused by pandemic-related disruptions that also hindered Nissan's ability to deliver its vehicles to customers. Chief Executive Makoto Uchida acknowledged the quarter was extremely challenging, while expressing optimism for the future.Earlier this week, Nissan, with Renault and smaller Japanese carmaker Mitsubishi Motors, announced how they were redefining their mutual relationship.

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