Nissan profit more than halves - News Summed Up
Nissan profit more than halves

Nissan profit more than halves

May 14, 2019 15:56 UTC

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Nissan profit more than halves


AFP, TOKYOCrisis-hit Nissan Motor Co yesterday revealed full-year net profit at a near-decade low and forecast a further decline as it battles to recover after the shock arrest of its talismanic former chairman Carlos Ghosn. Sales fell 3.2 percent with operating profit down for a third straight year, said Nissan — which is allied with France’s Renault SA and fellow Japanese automaker Mitsubishi Motors Co. For the year to March next year, Nissan said its net profit would nearly halve further to ¥170 billion, with sales projected to fall 2.4 percent. Separately, Nissan is looking to invest in a Chinese electric vehicle start-up, according to people familiar with the matter, to provide it with a greater footprint in the world’s biggest market for new-energy vehicles. The plans signal that Nissan is looking to push ahead with ambitions in electric vehicles started when Ghosn was still chairman.


Source: Taipei Times May 14, 2019 15:56 UTC



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