Nissan cuts annual profit outlook after downbeat Q2

Yokohama

JAPAN'S Nissan Motor Co reported its smallest quarterly profit in three years and cut its annual outlook, hurt by rising expenses in a competitive North American market and costs stemming from improper final inspection procedures at home.

The carmaker had suspended domestic production of vehicles for the Japanese market for about three weeks after it revealed last month that uncertified technicians had been carrying out final inspections of vehicles for decades. The scandal led to a recall of 1.2 million vehicles.