Nissan Raises Profit Outlook but Sees Chip Limit to Growth

Nissan Raises Profit Outlook but Sees Chip Limit to Growth
A visitor is seen at a Nissan Motor Corp. showroom in Tokyo, on Nov. 11, 2020. Issei Kato/Reuters
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TOKYO—Nissan Motor Co on Tuesday raised its full-year profit outlook as it squeezed out more profit per vehicle but said that access to scarce semiconductors would be the key driver of future earnings growth.

Like other big global carmakers, Nissan has been forced to cut vehicle output, even amid robust demand in key markets such as China and the United States because of a chip shortage caused by COVID supply chain disruptions and competition for the component from a range of industries.