TOKYO -- Nissan Motor on Thursday announced a significant downgrade to its full-year earnings forecast for the year ended in March, another blow as the automaker faces a struggle for survival.
Automobiles
Nissan sees record yearly loss of around $5bn
Automaker expects far deeper red ink than earlier projection of $560m
Nissan Motor said the significant downturn in its full-year performance was largely due to changes in the competitive environment and worsening sales. (Photo by Azusa Kawakami)
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