Japan's No.2 automaker, Nissan Motor Co. Ltd., reports a net loss of ¥27.7 billion (US$229 million) for the fiscal year ended March 31. The amount surpasses the previous fiscal year's loss of ¥14 billion (US$116 million). The rate of exchange in the report (¥121=$1) is based on the approximate exchange rate on March 31, 1999. On the bright side, the company says it has reduced its interest-bearing debt by US$3.3 billion from the beginning of the fiscal year to about US$17 billion. Nissan ...
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