Associated Press
TOKYO -- Japan's Nissan Motor Co. launched a new mini wagon in Japan on Thursday in an effort to beef up its domestic vehicle lineup as the automaker pushes to return to solid overall sales growth.
Nissan, a newcomer to the domestic mini vehicle market, lost business to its rivals because of its insufficient lineup, Toshiyuki Shiga, Nissan Chief Operating Officer, said at a roundtable meeting with the media.
Nissan posted a profit decline last fiscal year for the first time in seven years as sales in the U.S. and Japan slumped.
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