Financial Times FT.com

Nissan buoyed by soaring sales in China

YOKOHAMA, Japan, November 4 (Reuters) - Nissan Motor, Japan’s third-biggest carmaker, revised its annual outlook to a profit from a loss on Wednesday as soaring sales in China helped drive quarterly earnings beyond the market’s expectations.

Nissan had been expected to lift its forecasts after it cranked up its sales target in the fast-growing Chinese market by nearly a fifth in September as Beijing’s tax incentives for smaller cars boosted demand for models such as the Tiida and Sylphy.

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