TOKYO, Jan 24 (Reuters) – Japanese electric motor maker Nidec Corp (6594.T) slashed its full-year operating profit forecast by nearly half on Tuesday as it faced pressure from weakening demand for technology goods and a slower-than-expected recovery of the global car industry.
The downgrade, which was partly due to expenses from an on-going restructuring push to bring down fixed costs, shows the difficulties manufacturers may face in attempting to capture a bigger slice of the global electric vehicle (EV) market.
The company cut its operating profit forecast for the financia…
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