Nissan slashes production of 64,000 autos, likely to report big loss

Japan's Nissan Motor Co. said Thursday it will cut production of 64,000 vehicles in February and March to control inventories and adjust to falling demand for cars.

Nissan, the third largest automaker in Japan, will introduce non-operating days and slow down production in line speeds, according to Kyodo agency news as Marketwatch referred.

Meanwhile, analysts forecasted Nissan will report an operating loss in the fiscal year ended March 2009. The loss would be the first in at least 10 years and its been estimated worth tens of billions of yen.