In sharp contrast to its rival automakers, financially troubled Nissan Motor Co. announced Wednesday that it expects to post net losses of 14 billion yen for the 1997 business year.
The company also plans to sell off some of its real estate holdings -- possibly including its headquarters in Tokyo's Ginza -- as part of a drastic restructuring plan.
Nissan's announcement came as Toyota Motor Corp. and Honda Motor Co. reported record profits for the 1997 business year. The move illustrates the company's critical situation and its struggle to form a strategy that will take it through the 21st century.