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Nissan's Ghosn crisis

Nissan cuts earnings forecast on poor US sales

Downgrade is second in less than three months

A Nissan dealership in Colorado: The automaker's earnings have been hurt by weak U.S. sales.   © Reuters

TOKYO -- Nissan Motor announced on Wednesday a sharply lower-than-expected profit forecast for the year ended March, hit by weak sales in its core U.S. market.

The automaker downgraded its projection of its operating profit forecast by 45% from the previous year and by 132 billion yen ($1.2 billion) from the previous forecast, to 318 billion yen.

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