Nissan slashes full-year results forecast, sees operating loss

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In a statement, the Japanese automaker said that it expected an annual operating loss of as much as 45 billion yen ($419.7 million) from a previous forecast announced in February for an operating profit of 85 billion yen.

It expects to post a net loss of as much as 95 billion yen, compared with a previous forecast for 65 billion yen profit.