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Nissan to cut North American output up to 20% to shore up U.S. profitability, report says

Nissan Motor Co. is slashing vehicle production by as much as 20 percent in North America to cope with falling profitability in the United States, its biggest sales market, Japan’s Nikkei business daily reported on Monday.

Japan’s No. 2 automaker has been slowing production in the United States, where an aggressive ramp-up in vehicle sales has come at the cost of increased discounting and fleet sales, which has eroded profitability in the world’s second-largest auto market.

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