New strategy: A Nissan Concept 2020 Vision Gran Turismo (right) on display at the company’s Ginza showroom in Tokyo. It is considering moving more sales online. — Bloomberg
TOKYO: Nissan Motor Co is set to report a smaller-than-projected operating loss for the latest quarter, as the automaker reduces costs ahead of schedule, according to a source.
Although analysts are predicting a quarterly operating loss of 253 billion yen (US$2.4bil), the accelerated cost cuts helped to shrink that by about 100 billion yen, said the source.
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