Makoto Uchida

Nissan said Monday it is investing 2 trillion yen ($17.6 billion) over the next five years and developing a cheaper.

Nissan reported a profit for the July-September quarter, managing to reverse earlier losses despite challenges.

Nissan projecting a third year of losses as it struggles to distance itself from a scandal over its former chairman, Carlos Ghosn

Nissan projects its global vehicle sales will climb nearly 9% to 4.4 million vehicles from 4 million vehicles sold in the fiscal year that just ended.