(Bloomberg) — Nissan Motor Co. cut its full-year profit outlook for the second time and scrapped its year-end dividend payout, renewing concern about the troubled automaker’s ability return cash to investors, especially top shareholder and partner Renault SA.Dogged by falling sales in its biggest markets and instability in its most senior management ranks following the arrest of former Chairman Carlos Ghosn, Nissan reduced its full-year operating profit forecast to 85 billion yen ($774 million), down from an earlier estimate of 150 billion yen.Nissan had initially projected an operating profit of 230 billion yen for the fiscal year through March, but …read more
Source:: Yahoo Finance
