Nissan shares plunge after profit warning

The company and its domestic rivals are also struggling to stand their ground in China's market as fast-growing electric vehicle firms backed by Beijing race ahead. Net profit in the first quarter plunged 73 percent year-on-year to 28.6 billion yen ($190 million), Nissan said -- far below analyst expectations of 97.1 billion yen. The auto giant now predicts a full-year net profit of 300 billion yen ($2 billion), down from 380 billion yen previously forecast. "Our first quarter results were very...