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Reflecting that strong rebound, its January-March profit had more than doubled to 75.3 billion yen ($941 million). The company's performance in the most recent quarter reflects a "return to normal," it said. To counter the unfavorable exchange rate, Japanese car makers are increasingly shifting production abroad, making countries such as Thailand important auto production bases. Last week, the French-Japanese auto alliance of Renault and Nissan announced it is investing $160 million in its South Korean unit to produce Nissan-branded Rogue sport-utility vehicles mostly destined for the United States.
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