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Nissan heads for third consecutive loss on chip shortage

Japanese automaker expects red ink to narrow to $550m

Nissan's restructuring has moved the company away from expansionist policies pursued by former Chairman Carlos Ghosn.   © AP

TOKYO -- Nissan Motor forecasts a net loss of 60 billion yen ($551 million) in the year ending March 2022, the company said Tuesday, as a global semiconductor shortage continues to drag on its operations.

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