Nissan Motor Co on Tuesday said it expected to post its first annual operating loss in 11 years as the Japanese automaker struggles to recover from plunging vehicle sales as the coronavirus pandemic has sapped demand for cars.
) on Tuesday said it expected to post its first annual operating loss in 11 years as the Japanese automaker struggles to recover from plunging vehicle sales as the coronavirus pandemic has sapped demand for cars.
It expects to post a net loss of as much as 95 billion yen, compared with a previous forecast for 65 billion yen profit. “Nissan anticipates additional time to finalise the results and is currently reviewing the precise financial impact,” the statement said.
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