Friday, May 11, 2012

CORRECT: Nissan Expects Another Strong Year On Record Global Sales

("UPDATE: Nissan Expects Another Strong Year On Record Global Sales," at 0710 GMT, misstated how the earnings results compared with other auto makers in 1st and 7th paragraphs. The correct version follows:)

-- Nissan Motor expects Y400 billion net profit this FY, up 17%

-- Aims for 10% rise in global vehicle sales to record 5.35 million

-- Assumes dollar to average Y82, euro Y105 this FY

YOKOHAMA, Japan (Dow Jones)--Nissan Motor Co. (7201.TO) on Friday forecast 17% growth in net profit in the current fiscal year as it expects record vehicle sales to cancel out the impact of the ...

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