Nissan’s profit zoomed up more than 10-fold in July-September from a year earlier, boosted by a weak Japanese yen and strong vehicle sales around the world. The Japanese automaker, allied with Renault SA of France, reported a 190.7 billion yen ($1.3 billion) profit in the last quarter, up from 17.4 billion yen the year before. Quarterly sales surged 25% to 3.15 trillion yen ($20.9 billion), the company said Thursday.
The Renault alliance broke up a few months ago, Nissan bought out their share from Renault.
All Mitsubishis will have Nissan engines. The Mitsubishi deal to re-badge Renaults in Europe was arranged before the break up and won’t be renewed when it expires.
Renault has formed a new alliance with Geely (Volvo/Polestar) which Nissan-Mitsubishi has no part of.