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Nissan's Ghosn crisis

Nissan under pressure for bolder change after fresh downgrade

Sales incentives and inventories remain bloated compared with Japanese peers

Finished Nissan sedans roll off the assembly line at a plant in the U.S. state of Tennessee. The automaker is struggling with falling American sales.   © Reuters

TOKYO -- Even after its latest earnings downgrade, Nissan Motor remains under pressure to lower sales incentives and make other painful cuts as it tries to reverse ex-chief Carlos Ghosn's pursuit of scale.

On Wednesday, the Japanese automaker lowered its guidance a second time for the fiscal year that ended in March. Nissan now projects group operating profit of 318 billion yen ($2.84 billion), a 45% plunge from a year earlier and down 132 billion yen from the previous estimate.

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