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11-12-2020, 08:56 AM
Filed under: Auto News (https://www.autoblog.com/category/auto-news/),Earnings/Financials (https://www.autoblog.com/category/earnings-financials/),Nissan (https://www.autoblog.com/nissan)
https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-uploaded-images/2020-11/53ba01c0-24e2-11eb-afba-265853f3aeff Japan's Nissan Motor Co Ltd on Thursday cut its forecast for an annual operating loss by 28%, albeit to a still-whopping $3.2 billion, helped by restructuring efforts and better-than-expected sales. In a reversal from the aggressive expansion pursued by ousted Chairman Carlos Ghosn, Nissan is reducing production and its vehicle line-up by a fifth, and slashing costs by 300 billion yen in three years to improve profits. Chief Operating Officer Ashwani Gupta also told a briefing that NiContinue reading Nissan cuts its forecast for losses, helped by restructuring efforts (https://www.autoblog.com/2020/11/12/nissan-cuts-2020-loss-outlook/)
Nissan cuts its forecast for losses, helped by restructuring efforts (https://www.autoblog.com/2020/11/12/nissan-cuts-2020-loss-outlook/) originally appeared on Autoblog (https://www.autoblog.com) on Thu, 12 Nov 2020 08:14:00 EST. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/11/12/nissan-cuts-2020-loss-outlook/) | Email this (https://www.autoblog.com/forward/2277202/) | Comments (https://www.autoblog.com/2020/11/12/nissan-cuts-2020-loss-outlook/#comments)
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https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-uploaded-images/2020-11/53ba01c0-24e2-11eb-afba-265853f3aeff Japan's Nissan Motor Co Ltd on Thursday cut its forecast for an annual operating loss by 28%, albeit to a still-whopping $3.2 billion, helped by restructuring efforts and better-than-expected sales. In a reversal from the aggressive expansion pursued by ousted Chairman Carlos Ghosn, Nissan is reducing production and its vehicle line-up by a fifth, and slashing costs by 300 billion yen in three years to improve profits. Chief Operating Officer Ashwani Gupta also told a briefing that NiContinue reading Nissan cuts its forecast for losses, helped by restructuring efforts (https://www.autoblog.com/2020/11/12/nissan-cuts-2020-loss-outlook/)
Nissan cuts its forecast for losses, helped by restructuring efforts (https://www.autoblog.com/2020/11/12/nissan-cuts-2020-loss-outlook/) originally appeared on Autoblog (https://www.autoblog.com) on Thu, 12 Nov 2020 08:14:00 EST. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/11/12/nissan-cuts-2020-loss-outlook/) | Email this (https://www.autoblog.com/forward/2277202/) | Comments (https://www.autoblog.com/2020/11/12/nissan-cuts-2020-loss-outlook/#comments)
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