By Leftlane Staff
Tuesday, Jul 25th, 2006 @ 10:56 am

Possible GM alliance mate Nissan today posted a worse-than-expected 26 percent slump in quarterly operating profit as global sales slumped. Nissan is expected to be the lone Japanese automaker to report an April-June profit fall. Analysts blame the disappointing results mostly on an empty product pipeline. A new Infiniti G35, Nissan Altima, and Nissan Sentra won’t arrive until later this year. Net profit rose 4.2 percent from the year-ago quarter when earnings fell sharply on one-off losses related to changes in accounting standards.

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