Nissan cuts profit forecast
POSTED: Tuesday, November 6, 2012 - 9:00am
UPDATED: Tuesday, November 6, 2012 - 9:04am
NBC News — Nissan Motor cut its full-year net profit forecast tuesday by a fifth to just below $4 billion. The Japanese automaker is blaming the cut on tumbling car sales in China, the world's biggest auto market.
Japanese goods took a big hit in China earlier this year after anti-Japanese protests broke out over a territorial dispute. Despite the poor outlook, Nissan says there are signs of recovery and they are optimistic about next year