On Thursday, Nissan Motor announced a disappointing profit forecast. It is noted that the company has faced a sharp deterioration in the key markets of the United States and China.
Writes UNN with reference to Nikkei Asia.
Nissan Motor's annual operating profit for the fiscal year ending March 2025, as indicated in the report, will be 150 billion yen ($970 million). In the July-September quarter alone, the company posted a net loss of 9.3 billion yen, due to declining profitability in its key markets.
The previous annual forecast was 500 billion yen.
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The Japanese company has a production capacity of nearly 5 million vehicles worldwide, and it expects to sell 3.4 million vehicles in the current fiscal year. To improve business in the U.S., he said Nissan plans to add new models.