UPDATE 2-Nissan delays mid-term goals after weak 2006

Newswire

(Recasts throughout with details, fund manager comments) By Chang-Ran Kim, Asia auto correspondent TOKYO, April 26 (Reuters) - Nissan Motor Co. posted on Thursday its first annual profit drop under Chief Executive Carlos Ghosn's watch and delayed its mid-term targets by a year after sales collapsed in the United States and Japan. Nissan was overtaken as Japan's second-biggest automaker by Honda Motor Co. last year as a weaker brand image and a dearth of new models took their toll. ...

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