Nissan CEO expects record sales, but tumbling profit  Supply chain disruptions emanating from Japan have caused significant damage to the global economy as the country is responsible for supplying a high percentage of critical components for automobiles and other industries. According to a published report, Japan-based Nissan expects its profit to plummet as a result of the halts to production. 

On Thursday, Nissan said it projects sales to hit record levels this year, but that its net profit could fall to $3.4 billion, which is 15.4 percent lower than the year prior. Still, revenue is forecast to climb around 7 percent to around $116 billion.

Nissan chief executive Carlos Ghosn said that the company was nearly at full production capacity once again following disruptions it faced in the wake of the 9.0-magnitude earthquake and tsunami that struck on March 11. Areas of growth in the company's portfolio include China, Russia and India, he said.

Surprising analysts, Ghosn said that sales for the 2011-2012 business year would likely rise from the year prior by just under 10 percent to 4.6 million vehicles. Production similarly is forecast to climb by 11.2 percent to 4.613 million cars. 
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