Nissan Motor Co. Ltd. reports a 3.5% falloff in second-quarter fiscal 2005 operating profit, to ¥217.12 billion ($2.0 billion), as well as a 3.5% drop in net profit to ¥115.58 billion ($1.1 billion). However, Nissan’s sales rose 10.3% in the quarter over like-2003, to ¥2.103 trillion ($19.8 billion). Nissan CEO Carlos Ghosn says higher incentives in the U.S. market used to clear out ’04 models, as well as increased raw-materials pricing, is to blame for the operating and net-profit ...

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