Nissan sees profit dip as sales fall, offsetting cost cuts

TOKYO (AP) — Japanese automaker Nissan is reporting an 8 percent fall in profit for the latest quarter as declining sales offset the benefits of cost cuts.
Nissan Motor Co. reported a July-September profit of 130.4 billion yen ($1.1 billion) Thursday, down from 141.6 billion yen the same period a year earlier.
Quarterly sales dipped nearly 3 percent to 2.82 trillion yen ($24.8 billion).
Nissan, which makes the March subcompact, Leaf electric car and Infiniti luxury models, stuck to its for