Nissan Profits Crash As Rivals Roar Ahead

Summary


A GLOBAL slump in car sales has sparked a crash in Nissan profits that was even worse than experts had predicted.

Nissan, 44%owned by France's Renault, launched only one new model in the first half of the year, leaving rivals Toyota and Honda with an almost clear field to continue their charge into the key US market with a host of new models.

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Extract


Nissan Profits Crash As Rivals Roar Ahead

While president and chief executive Carlos Ghosn, who also...

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