Nissan Posts Net Loss, Outlines Restructuring Plan

Japanese automotive manufacturer Nissan Motor has posted a consolidated net loss (after tax) of JPY83.2bn (US$0.81bn) for the third quarter of the fiscal year ending March 2009, compared to a net income of JPY132.2bn (US$1.28bn) for the same period in the previous year. As such, the carmaker has changed its earlier end-of-year forecast of a JPY160bn profit to a net loss of

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