Reported 1 day ago
Nissan Motor Co. has revised its financial outlook, expecting a net loss between 700 billion and 750 billion yen ($4.91 billion-$5.26 billion) for the fiscal year ending in March, primarily due to impairment charges during restructuring. This loss exceeds the previous forecast of 80 billion yen and marks the largest loss in the company's history, as new CEO Ivan Espinosa implements strategies to stabilize the automaker, which includes job cuts and plant closures.
Source: YAHOO