Nissan's Operating Profit Plunges, Outlook Cut

Nissan's operating profit plunges, outlook cut

Nissan Motor's operating profit shrank sharply during the nine months to December, mainly due to sluggish sales in the US and Europe.

Company officials say the figure was down 82.7 percent to 54.3 billion yen, or nearly 500 million dollars.

Nissan's New Management To Kick Off

Nissan's new management to kick off

Nissan Motor's new management team starts on Sunday. Makoto Uchida takes office as its new president, with Ashwani Gupta of Mitsubishi Motors, an alliance partner, joining the team as COO.

The new leadership will be tasked with meeting the most pressing challenge -- rebuilding its business.