Nissan Reports Major Losses

TOKYO (AP) - Japanese automaker Nissan is reporting a 233.7
billion yen ($2.4 billion) loss for the fiscal year ended March, a
reversal from profitability the previous year but better than the
company's own forecasts.

Nissan Motor Co. Chief Operating Officer Toshiyuki Shiga told
reporters Tuesday the automaker had been hurt by three factors -
the U.S. financial crisis, the global slowdown and the strong yen.

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