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Nissan shares plunge over 10% after downbeat quarterly results, production-cut plans

CNBC
Summary
Nutrition label

84% Informative

Shares of Japanese automaker Nissan tumbled as much as 10.12% , a day after the company posted downbeat quarterly results.

Operating profit in the second quarter plunged almost 85% year-on-year to 31.9 billion yen , while revenue dropped 5% to 2.99 trillion yen .

Nissan scrapped interim dividend and year-end dividend outlook, with top executives taking voluntary pay cuts.

Company also announced plans to cut staff by 9,000 .

VR Score

87

Informative language

87

Neutral language

47

Article tone

informal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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