https://www.live-feeds.com/feed/nissan-back-in-red-cuts-sales-view-on-china-slumpContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/nissan-back-in-red-cuts-sales-view-on-china-slumphttps://www.live-feeds.com/feed/nissan-back-in-red-cuts-sales-view-on-china-slump#u201902Sun, 15 Nov 2026 06:52:33 +0000Nissan has lowered its full-year global sales outlook for the second time this fiscal year, citing deteriorating demand in China where local EV rivals are eroding market share. The Japanese automaker posted a 96% plunge in quarterly operating profit but maintained its full-year profit target, signaling confidence in cost cuts and restructuring. CEO Makoto Uchida outlined a counteroffensive focused on new hybrid models and accelerated EV launches tailored for China. The company also confirmed plans to reduce gasoline-car production as the market shifts rapidly toward electrification.Why it matt