Nissan Motor Co. said Monday that solid U.S. sales would offset any slowdown in emerging markets, including China, and underlined the point by raising its full-year profit forecast to a record level.<br />Nissan lifted its net profit outlook for the year through March 2016 by 10%, to 535 billion yen , a 17% increase from a year earlier.<br />Sales are running at the fastest pace in 15 years in the U.S., but they have slowed in China, the world's biggest auto market, after the stock market plunged.<br />In many other emerging countries, where demand has already been weak, an expected interest-rate increase by the U.S. Federal Reserve is casting a further shadow.<br />"There are negative impacts from emerging markets, but we expect strong sales growth in developed markets that would outweigh the slowdown," said Hiroto Saikawa, Nissan's chief competitive officer.
