Nissan Motor

Nissan posts loss of 16.5 billion yen for Q1

Nissan Motor

Japanese automaker Nissan Motor Co. posted a smaller-than-expected 16.5 billion yen or $175 million loss for the first fiscal quarter.

Earlier, a group four analysts had projected loss of 58.5 billion yen for the quarter ended June 30.

Nissan to skip auto shows in Detroit and Chicago

Nissan Motor Co.In the latest move to cut its marketing budget in the tight auto market, a major automaker - Nissan Motor Co - has decided to skip the Detroit and Chicago auto shows, which are costly trade events designed to showcase upcoming vehicles.