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Nissan recovery plan seen as start of long journey by investors

Analysts expect carmaker to face more costs for job cuts after $6.2bn loss

Protesters at a car plant in Barcelona, Spain, that Nissan wants to close as part of restructuring.   © Reuters

TOKYO -- The massive restructuring plans laid out by Nissan Motor that led to its worst loss in 20 years have not dispelled doubts among investors and analysts about whether the Japanese carmaker is now fully on the road to recovery.

Nissan is likely to face more restructuring costs, and CEO Makoto Uchida will need more time to gain investor confidence after being in the post for less than six months, analysts contacted by the Nikkei Asian Review said.

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