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Nissan Motor shares down 5% on faulty vehicle checks

Automaker will suspend delivery of some 60,000 cars

TOKYO -- Nissan Motor shares continued their slide into a fourth straight day on Monday, this time reacting to the Japanese automaker's announcement last week that final inspections of finished cars had been performed by employees who were not authorized to conduct the checks.

At one point on Monday, Nissan was down 60 yen, or 5.4%, from Friday at 1,054.50 yen, hitting its lowest point since April 28.

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