Nissan quarterly profit slumps 29%

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Nissan Motor has posted quarterly operating profit (Q1 fiscal year, period ended June 30) of 109.1bn yen, some 29% down on last year. Revenues for the quarter were down 1.6% at 2.72 trillion yen and Nissan total vehicle sales decreased 3% to 1.31m units (down in North America and Europe, up in China, Middle East and Latin America).