US EditionNissan racks up red ink, but the Japanese automaker promises a return to profit later this year
- Nissan faced a loss of 115.8 billion yen for April-June and aims to return to profitability later this year.
- Quarterly sales decreased nearly 10% to 2.7 trillion yen , but the results were better than expected from the automaker.
- Nissan plans to close its flagship factory in Oppama by the end of the 2027 fiscal year and is slashing 15% of its global workforce, totaling about 20,000 employees.
- Ivan Espinosa emphasized the need for urgency in the recovery plan, stating that the company is undertaking a recovery plan, which includes cutting costs and reshaping its market strategy.
Insights by Ground AI
Does this summary seem wrong?
12 Articles
12 Articles
Nissan forecast pro posals of 1.2 billion dollars for the period April-September, while advancing its restructuring plan.
·Mexico City, Mexico
Read Full Article
Associated Press News+8 Reposted by 8 other sources
Nissan racks up red ink, but the Japanese automaker promises a return to profit later this year
Japanese automaker Nissan has reported a 115.8 billion yen, or $782 million, loss in April-June, but is promising to return to profitability later this year.
·United States
Read Full Article
Struggling Japanese automaker Nissan announces $782 million loss in 2nd quarter of 2025
Quarterly sales for the current fiscal year slipped nearly 10% to $18 billion. Japanese automaker Nissan sank into a 115.8 billion yen ($782 million) loss for April-June, but promised Wednesday to return to profitability later this year. Nissan Motor...
Coverage Details
Total News Sources12
Leaning Left4Leaning Right4Center2Last UpdatedBias Distribution40% Left, 40% Right
Bias Distribution
- 40% of the sources lean Left, 40% of the sources lean Right
40% Right
L 40%
C 20%
R 40%
Factuality
To view factuality data please Upgrade to Premium
