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 huge loss of up to $5.3 billion in the 2024-25 financial year. One of the top 10 automakers by unit sales, Nissan is heavily in debt, cutting jobs and like its peers now faces headwinds from US President Donald Trump's vehicle tariffs. "As part of the revised outlook, Nissan expects to report a net loss of 700-750 billion yen ($4.9 billion-$5.3 billion)......

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