Nissan In Pain

The current economic meltdown is taking down another Japanese Automaker.  Nissan fell to a full-year loss, its first in almost 10 years.  In this, it followed in Toyota's footsteps

About 20,000 employees (9% of its workforce) are being let go. 

Directors will have salaries reduced by 10%, and will not get bonuses, while Managers will have their salaries reduced by 5%.

Nissan, more than the other big Japanese auto makers, is rushing towards the future, as evidenced by the awe-inspiring GTR (I just saw it on the street - nice).  Lets hope they can get back to their profitable ways soon.  Their new lineup is quite exciting, with a number of speedy looking cars, including the 370Z and the Altima coupe.