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Nissan warns of record annual loss as pandemic hits its turnaround attempt

AMB News Reporter

News Reporter
Filed under: Earnings/Financials,Nissan

Adding to expected losses is a likely deterioration in Nissan's sales financing business as cash-strapped customers struggle to make lease payments, while underutilised factories are also burning through cash. "The market outlook remains uncertain and we may see a further deterioration in demand due to a possible second wave of the pandemic," Chief Executive Makoto Uchida told a livestreamed briefing.
Continue reading Nissan warns of record annual loss as pandemic hits its turnaround attempt

Nissan warns of record annual loss as pandemic hits its turnaround attempt
originally appeared on Autoblog on Tue, 28 Jul 2020 08:27:00 EDT. Please see our terms for use of feeds.

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