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Headline : Nissan falls behind Renault in market cap a year after equal alliance

Read more from the original article on here at asia.nikkei.com.






Tags : #nissan #falls #behind #renault #market #cap #year #equal #alliance


No. of Paragraph 5

Japanese carmaker blindsided by woes in American and Chinese markets

TOKYO -- A year after Nissan Motor and Renault Group agreed to rebalance their alliance to a team of equals, the Japanese automaker has slipped behind its French partner in market capitalization amid struggles to adapt to shifting market environments.

Nissan's group operating profit fell 99% on the year to 995 million yen ($6.45 million) for the first quarter ended June 30. Nissan's share price was down as much as 11% at one point Thursday, the day that the earnings results were released.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Read more from the original article on here at asia.nikkei.com.


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