Automobiles Nissan narrows Q2 loss amid major restructuring

Japanese automaker aims to cut costs and embrace Chinese-style manufacturing

Nissan Motor has been struggling to make its core automotive business profitable, weighed down by a high-cost structure and a legacy of prioritizing production scale over profitability. (Photo by Azusa Kawakami)

TOKYO -- Nissan Motor said on Wednesday that its net loss for the six months ended September narrowed to 39.7 billion yen ($249 million), from a net loss of 221.9 billion yen a year earlier, as cost reductions and a weaker yen helped the automaker navigate a major restructuring.