TOKYO -- Nissan Motor's aggressive expansion pursued by former chief Carlos Ghosn continues to burden the Japanese automaker, with hefty sales incentives promoted under his leadership resulting in a precipitous drop in North American earnings for the first half.
The Japanese automaker said Tuesday its North American business generated an operating profit of 36.5 billion yen ($334.7 million) during the six months ended September, down 57% from the year-earlier half. Overall operating profit plummeted by 85% during the same period.
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