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Automobiles

Nissan heads for first net profit in three years

Japanese automaker vows 5% operating margin for fiscal 2023

Nissan believes sales of newly launched models are to boost profit.   © AP

TOKYO -- Increased performance estimates prompted Nissan Motor to revise its earnings projection upward on Wednesday to a net profit of 60 billion yen ($548 million) despite lingering risks of chip shortages and increased pressure from price hikes for raw materials.

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