Nissan’s Quarterly Profit Falls Amid Computer Chip Crunch

Nissan’s Quarterly Profit Falls Amid Computer Chip Crunch
A staff walking near a Nissan logo at Nissan headquarters though a window in Yokohama near Tokyo on May 12, 2022. Eugene Hoshiko/AP Photo
The Associated Press
Updated:

TOKYO—Nissan’s profit fell 68 percent in the last quarter as a shortage of computer chips hindered the Japanese automaker’s ability to deliver vehicles to its customers.

Nissan Motor Co. reported Wednesday that its profit was 17.4 billion yen ($119 million) in the July-September, down from 54 billion yen the same period a year earlier. Quarterly sales jumped to 2.5 trillion yen ($17 billion) from 1.9 trillion yen a year ago.