Nissan cuts China sales outlook as car market sputters
(WorldNews China)

Carlos Ghosn went all-in on China by approving a plan to invest $9 billion, yet his successor at Nissan Motor Co. appears to be rolling that back amid signs the world´s biggest car market is beginning an extended downturn. Nissan is cutting a future target for China car sales by about 8 percent, people familiar with the matter said. Nissan and Dongfeng Motor Corp. now forecast their joint venture will sell 2.39 million vehicles in 2022, the end of the current mid-term plan. That´s a reduction of more than 200,000 units from the previous target, the people said. The revision is being discussed as CEO Hiroto Saikawa embarks on a program to put profitability before growth in sales volume,...