Nissan and Infiniti car distributor Yulon Nissan Motor Co (裕隆日產) expects profits this quarter to rise sequentially due to stable car sales in China and foreign exchange gains from the declining yen, company vice president Leman Lee (李振成) said yesterday.
Lee made the remark at a launch ceremony for the Juke, a crossover between an SUV and a sports car. He did not offer exact numbers.
Last quarter, the company’s profit totaled NT$1.98 billion (US$66.16 million), or earnings per share of NT$4.27, up 95.04 percent year-on-year and 89.48 percent quarter-on-quarter.
Yulon Nissan owns 10 percent of China-based Dongfeng Nissan Passenger Vehicle Co (東風日產), which sold 100,000 cars last month, the same as a year ago, indicating that the dispute over the Diaoyutai Islands (釣魚台) in the East China Sea was no longer an issue for Chinese customers, Lee said.
Dongfeng Nissan’s sales helped the Taiwanese firm post non-operating profit of NT$1.27 billion last quarter, the company said.
Yulon Nissan aims to sell 43,800 cars in Taiwan this year, accounting for a market share of about 12 percent, chairman Tsay Wen-rong (蔡文榮) said yesterday.
Overall, Taiwan’s overall market will see sales volume drop to between 350,000 and 360,000 units this year, from 365,871 units a year ago, he said.
“Car sales from January through last month declined 3.8 percent from a year earlier, and there is no positive news except for new car launches later this year,” he said.
Yulon Nissan’s shares rose 1.93 percent to NT$290.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
BIG BUCKS: Chairman Wei is expected to receive NT$34.12 million on a proposed NT$5 cash dividend plan, while the National Development Fund would get NT$8.27 billion Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday announced that its board of directors approved US$15.25 billion in capital appropriations for long-term expansion to meet growing demand. The funds are to be used for installing advanced technology and packaging capacity, expanding mature and specialty technology, and constructing fabs with facility systems, TSMC said in a statement. The board also approved a proposal to distribute a NT$5 cash dividend per share, based on first-quarter earnings per share of NT$13.94, it said. That surpasses the NT$4.50 dividend for the fourth quarter of last year. TSMC has said that while it is eager
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
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