Filed under: Auto News,Earnings/Financials,Nissan
Japan's Nissan Motor Co Ltd on Thursday cut its forecast for an annual operating loss by 28%, albeit to a still-whopping $3.2 billion, helped by restructuring efforts and better-than-expected sales. In a reversal from the aggressive expansion pursued by ousted Chairman Carlos Ghosn, Nissan is reducing production and its vehicle line-up by a fifth, and slashing costs by 300 billion yen in three years to improve profits. Chief Operating Officer Ashwani Gupta also told a briefing that Ni
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Nissan cuts its forecast for losses, helped by restructuring efforts originally appeared on Autoblog on Thu, 12 Nov 2020 08:14:00 EST. Please see our terms for use of feeds.
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