In spite of contraction in Europe and a series of natural disasters in Japan and Thailand that crippled supply, Renault-Nissan – with a tiny bit of help from Russian partner Avotvaz – sold 8.03 million cars in 2011. The record year outdid 2010 sales by 10 percent, with Nissan's sales growing 14% and Renault improving by 4.6 percent.
Nissan's strong sales and increased revenue led the automaker to a $6.27 billion operating profit for 2010. Nissan, which counts January through March as its fiscal fourth quarter, managed overall revenue of $102 billion, while net income came in at $3.72 billion after taxes.
Speaking at Nissan Motor's annual general meeting of shareholders Tuesday, CEO Carlos Ghosn held to his forecast of a 4.5 percent increase in worldwide sales for Nissan, despite dismal first quarter sales in the Japanese domestic market.