July 28, 2020

Nissan forecasts $6.4 bn annual net loss as virus bites

Tokyo (AFP) – Crisis-hit Japanese automaker Nissan warned on Tuesday of a massive $6.4 billion net loss for the current fiscal year as it reels from the impact of the coronavirus pandemic.Nissan, which had delayed an annual forecast because of ongoing uncertainty, issued the warning as it reported a first-quarter net loss of 285.6 billion yen ($2.7 billion) on plunging sales.”These results… reflect a full quarter of COVID-19 disruption that we knew would undermine our performance in key markets,” chief operating officer Ashwani Gupta said announcing the results.”As you can see, the pandemic …

source https://this.kiji.is/en/660783676925559905?c=648607265489716321

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