Nissan likely to report first quarterly loss in more than a decade
Deteriorating profits underscore the challenges facing Nissan, which is slashing jobs, production sites and product offerings to ensure its survival
12 February 2020 - 18:56
Tokyo — Nissan Motor may report its first quarterly loss in more than a decade on Thursday because of slumping sales, sources familiar with the company said, adding more pressure on efforts to rebuild the company after Carlos Ghosn’s ouster.
Deteriorating profits underscore the challenges facing Nissan, which is unwinding many of the expansionist strategies championed by former CEO and chair Ghosn by slashing jobs, production sites and product offerings to save cash and ensure its survival...
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