Nissan operating losses of €3.8bn far bigger than predicted

Nissan Motor Corporation is forecasting a wider-than-projected operating loss for the current fiscal year, as the Japanese automaker seeks to dig itself out of the hole by shutting assembly lines, cutting jobs and conserving cash. The operating loss for the year ending March will be 470 billion yen (€3.8 billion), compared with analysts’ average prediction for a 216 billion yen (€1.7 billion) loss and a 40.5 billion yen (€329 million) loss in the prior year. The Yokohama-based company also plans to skip its dividend, it said in a...