In the UK, Nissan Motor Manufacturing has reported a fall in pre-tax profits for the year ending March 31, down to £23million (1998: £77.3million). Managing director John Cushnaghan said: 'During 1998, the strength of Sterling meant that our profit margins were significantly reduced and consequently our profits suffered. This has been a direct consequence of the unrelenting and uncompetitive level of the Pound against all other European currencies.'
Loss-maker Nissan Motor looks to Renault
28/05/1999 in NEWS