Nissan Motor Co. on Tuesday saw operating profit fall by 85.0 percent in the first half of the fiscal year due to weak global sales, the stronger yen and higher material costs, forcing it to slash its net profit outlook for the year through next March to the lowest level in 10 years.The automaker, struggling to revive its business by shifting away from the expansionary strategy of ousted former boss Carlos Ghosn, cut its estimate for net profit to 110 billion yen from 170 billion yen, operating profit now expected at 150 billion yen down from 230 billion yen and sales at 10.60 trillion yen …READ FULL ARTICLE
