Nissan, Honda get some relief as weak yen amplifies uptick in sales
Nissan Motor and Honda Motor on Thursday said they expect higher profits this year than previously forecast, a sign of how Japan's automakers are seeing some benefit from a weak yen currency and a recovery in sales.
That outlook, however, is tempered by the scope of the challenges they face in China, the world's top car market, where Japanese car makers, like other foreign brands, face the rise of domestic players, the popularity of electric vehicles and growing price competition, hurting prospects.
"We would look to put our China business back on a growth track despite the continuing harsh conditions," Nissan Chief Executive Officer Makoto Uchida told a briefing following the release of results, unveiling new steps for China.
Nissan rep...
