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Japanese electric motor manufacturer Nidec is expected to confirm impairment losses exceeding $3.8 billion.
Nidec, a Japanese electric motor manufacturer, is expected to confirm impairment losses exceeding 600 billion yen (approximately $3.8 billion), primarily stemming from its electric vehicle traction motor system business, Nikkei Asia reported on Monday. Following this news, Nidec's stock price fell by 17%.
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