Nissan Shares Rise on Smaller Losses, Restructuring Progress

Nissan Motor Co.’s shares climbed after the automaker narrowed its operating-loss forecast, touting progress in its cost-cutting drive to recover from its worst financial crisis in decades.

The Japanese carmaker forecast a ¥60 billion ($392 million) operating loss for the fiscal year ending March 31, it said Thursday. That compares with its previous outlook for a ¥275 billion shortfall. The stock rose as much as 8.4% in early Tokyo trading Friday.