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Nissan-Renault alliance

Nissan to post 90% profit drop and cut thousands more jobs

Automaker struggles with weak US sales and high R&D costs

Nissan, still reeling from the scandal involving ousted Chairman Carlos Ghosn, is saddled with the high cost of developing electric cars and autonomous vehicles.   © Reuters

TOKYO -- Nissan Motor is expected to report a more than 90% plunge in first-quarter operating profit on Thursday, Nikkei has learned, and will cut up to 7% of its global workforce as it braces for one of the worst years in a decade.

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