Nissan Forecasts Profit That Misses Estimates on Yen, Minicars

  • Stronger yen erodes value of profit brought back home
  • Nissan agrees to buy 34% in minicar partner Mitsubishi

Nissan Motor Co., which agreed to buy a 34 percent stake in Mitsubishi Motors Corp., forecast annual profit that was little changed after a stronger yen eroded overseas earnings and domestic sales of minicars supplied by Mitsubishi slumped after the disclosure of mileage fraud.

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