Japanese automaker Nissan says losses deepened in the last quarter

Government

TOKYO (AP) — Japanese automaker Nissan reported deeper losses for the latest quarter through December compared to a year earlier, as restructuring costs cut into its profitability. Nissan Motor Corp., based in the port city of Yokohama, said Thursday it posted a 28.3 billion yen ($185 million) loss for the October-December quarter, about twice the 14 billion yen loss it recorded a year earlier. Quarterly sales slipped 6% to nearly 3 trillion yen ($19.6 billion) from 3.2 trillion yen the year