Filed under: Earnings/Financials,Government/Legal,Nissan
Nissan, reeling from a scandal over its former superstar executive Carlos Ghosn, sank into red ink in the latest quarter as its vehicle sales fell around the world, and the Japanese automaker slashed its profit forecast for the year. Nissan Motor Co. reported Thursday a loss of 26 billion yen ($237 million) for October-December, a reversal from the 70 billion yen profit recorded a year earlier. Quarterly sales slipped nearly 18% to 2.5 trillion yen ($23 billion), as Nissan's vehicle sales fell
Continue reading Scandal-hit Nissan sinks into red ink as sales plummet
Scandal-hit Nissan sinks into red ink as sales plummet originally appeared on Autoblog on Thu, 13 Feb 2020 08:43:00 EST. Please see our terms for use of feeds.
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