Japanese automaker Nissan lowers its profit forecast amid incentive, inventory woes

TOKYO (AP) — Nissan lowered its full fiscal year outlook on Thursday, as the Japanese automaker reported a 73% decline in profit in the April-June quarter compared to the previous year. Chief Executive Makoto Uchida called the results “very challenging,” blaming sales incentives and marketing expenses resulting from intense competition, especially in the U.S. market. […]
Read The Rest at :