Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell
TOKYO: Nissan reported Thursday a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned, prompting the Japanese automaker to slash 9,000 jobs. Chief Executive Makoto Uchida said he was taking a 50 per cent pay cut to take responsibility for the dismal results, while promising that a turnaround…