Nissan Profit Declines on Yen, Mitsubishi Motors Posts Loss

  • Yen has strengthened more than 14% against dollar this year
  • Mitsubishi selling stake to Nissan after mileage scandal

Nissan Motor Co. posted a 11 percent drop in quarterly profit after a stronger yen eroded overseas earnings, while a slump in domestic sales pushed minicar partner Mitsubishi Motors Corp. into a loss after its mileage scandal.

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