Nissan Expects Return To Profit After Huge Loss

Nissan projected Wednesday a small net profit this year after posting a huge loss for the second year running, with the Japanese automaker saying it has “moved beyond recovery”.

Like other Japanese carmakers, Nissan is being squeezed by US tariffs, the Middle East war, and fierce competition from Chinese rivals, but it also has had its own problems.

The company, which is closing factories…