Nissan Micra Production Starts In India

Global compact car that Japanese maker Nissan in 2010 Geneva Motor Show goes into making in the Renault-Nissan Alliance plant Oragadam, Chennai this week, with start of sales in July.

'The start of profitable production of the Nissan Micra is the commencement of a new chapter for us in India. In an exponentially growing and demanding Indian automotive manufacturing, we introduce a product that is specially designed with the discerning consumer needs India "Nissan Motor Company Chief Operating Officer Toshiyuki Shiga said in a declaration.

Nissan comes to black with annual profit

Japan's third largest automaker Nissan Motor announced Wednesday a return to the black, with a twelve-monthly profit of 42400000000 yen (460 million).

The company experienced a much narrower fourth quarter net loss of 11600000000 yen in the three months ended March, compare with a loss of ¥ 276.900.000.000 in the same period a year earlier throughout the global financial disaster.

Nissan forecast a 254 percent increase in profit of ¥ 150.000.000.000 for the year ending in March 2011.