Nissan revises down its earnings forecast with bigger losses

Fears over future of iconic car brand hit by £4BN loss - after axing 9,000 jobs

A MAJOR car manufacturer has revealed they are set to lose £4billion this year after axing 9,000 jobs. The figure is far higher than the £426million bosses had previously forecast for the 2024/2025 financial year. GettyNissan have now predicted they could make a net loss of anywhere between £3.7billion to £4billion[/caption] GettyRestructuring included moves to axe 9,000 jobs[/caption] Nissan have now predicted they could make a net loss of anyw…

Nissan sees $5.3 billion loss as restructuring charges mount

Nissan warned it will post a net loss of as much as ¥750 billion ($5.3 billion) for the fiscal year that ended in March — a record annual deficit — as restructuring charges weigh on the struggling Japanese carmaker. With an aging lineup, Nissan has been discounting its cars in order to avoid building up inventory, eroding profits. Analysts on average were projecting a loss of ¥112 billion, which itself was worse than Nissan’s prior outlook for a…

Business - Nissan sees record annual net loss for 2024 as carmaker tries to turn around business under new CEO

Nissan has announced it now expects a record net loss of up to 4.6 billion euros for the fiscal year that ended in March, around 9 times larger than its previous forecast only two months ago. The Japanese carmaker says this is due to imparement charges as part of its "turnaround plan" under the new CEO, Ivan Espinosa.  Plus, souvenir shops in Rome are seeing an influx of customers as tens of thousands of Catholic faithfuls visit the Vatican to p…

Warning lights flash at Nissan after flagging monster loss

TOKYO, Japan – The road ahead looks treacherous for Nissan after the Japanese auto giant predicted an enormous loss just as US President Donald Trump’s tariffs on car imports hit the industry. Nissan on Thursday warned it expected to have posted a loss of 700-750 billion yen ($4.9-$5.3 billion) in the business year that ended in March, blaming asset write-downs and restructuring costs. “Despite these challenges, we have significant financial res…

Nissan revises down its earnings forecast with bigger losses

Nissan says it expects to rack up a loss totaling 700 billion yen ($4.9 billion) to 750 billion yen ($5.3 billion) for the fiscal year through March because of declining sales and the losing value of its assets.

[NHK] Nissan Motor Co., Ltd. has revised down its earnings forecast for the last fiscal year, announcing that it expects to post a final loss of up to 750 billion yen...