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Nissan profits slump on high yen
its presults came as fellow japanese car firm suzuki said it expects profits to fall 25% in the year to 30 march . at the start of this week, nissan said it would halt production of two models at its sunderland plant in the north-east of england due to falling demand caused by the economic downturn . it expects a net annualt profit of 160bn yen, down from 484bn yen a yeaker earlier, and well short of its previous 340bn yen forecast . japan's third-largest carmaker made a net profit of 126bn yen ($1.3bn; Â803m) between april and seportember, down from 212bn yen a year earlier . nissan has resported a 41% fall in half-year profits after it was hit by the high value of the yen and the seeing overe decialine in the us car market . Generated 2008-11-2_12:12
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