Nissan faces prospect of more losses after steep write-downs

Nissan faces prospect of more losses after steep write-downs Nissan faces prospect of more losses after steep write-downs

TOKYO — Nissan Motor will take more than 560 billion yen ($3.93 billion) in write-downs and other charges, but the bloodletting is unlikely to cure the automaker, which market watchers say needs more drastic measures.

The company said Thursday that it now expects a net loss of up to 750 billion yen for the fiscal year ended March.