Japanese automaker Nissan Motor Co. posted a smaller-than-expected 16.5 billion yen or $175 million loss for the first fiscal quarter.
Earlier, a group four analysts had projected loss of 58.5 billion yen for the quarter ended June 30.
In the latest move to cut its marketing budget in the tight auto market, a major automaker - Nissan Motor Co - has decided to skip the Detroit and Chicago auto shows, which are costly trade events designed to showcase upcoming vehicles.
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