The Economic Times

Japanese automaker Nissan reduces red ink, vows to return to profit for full year

Nissan Motor Co. has reported a reduced loss of 39.7 billion yen in the first half of the fiscal year. The automaker's sales increased by 8.8% to 6.07 trillion yen due to favorable exchange rates and pricing strategies. Significant challenges remain in the Chinese market, along with increased raw material costs from Middle Eastern unrest.