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Nissan trims annual loss forecast to $5.8bn as sales improve

Automaker still faces challenges while Toyota and Honda rake in profits

Nissan is shifting from the approach taken by former Chairman Carlos Ghosn, who focused on expanding Nissan's global market share.   © Reuters

TOKYO -- Nissan Motor on Thursday forecast a net loss of 615 billion yen ($5.8 billion) for the fiscal year through March, a slight upward revision from previous guidance, helped by an improvement in sales and the implementation of cost-cutting measures, but analysts said it still faces a long road to profitability.

The outlook for the automaker contrasts starkly with those of rivals Toyota Motor and Honda Motor, which last week almost doubled their net profit forecasts for the full year from previous guidance.

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