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Autos

BRIEFLY

May 31, 1993|From Times Staff and Wire Reports

Nissan Reports Loss: The earnings slide at Japan's auto makers continued as Nissan Motor Co. reported a loss of $245 million for the year ended March 31, its first loss since it listed its shares in 1951. This year's outlook remains hostage to the same strong yen and weak demand that squeezed last year's results, company officials said. A strong currency means Japanese auto makers receive fewer yen for the same amount of dollar sales.

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