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Nissan losses better than expected

Japanese carmaker Nissan has reported a net loss for the past year, but the results were better than expected.

Nissan reported a net loss of 233.7bn yen ($2.3bn; £1.59bn) for the year to 31 March, but it had previously forecast the loss would be 256bn yen.

Sales of Nissan vehicles fell 9.5% to 3.4 million, with the biggest decline seen in the US market.

Carmakers around the world have been affected by the economic downturn and Nissan said it remained cautious. Full story…

May 12, 2009In51der
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