Tokyo, April 24, 2025 (AFP) - Nissan forecasts annual net loss of up to $5.3 billion

NAMPA / AFP

2025-04-24

Struggling Japanese auto giant Nissan issued a stark profit warning on Thursday, forecasting a loss of up to $5.3 billion in the 2024-25 financial year. "As part of the revised outlook, Nissan expects to report a net loss of 700-750 billion yen ($4.9 billion-$5.3 billion) for fiscal year 2024. The revision is due to costs related to its ongoing turnaround plan, and other factors," the company said, weeks ahead of its annual earnings announcement......

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