Motorgen - Automotive Events, Meets, Cruises and Forums - Nissan cuts its forecast for losses, helped by restructuring efforts

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
Nissan cuts its forecast for losses, helped by restructuring efforts originally appeared on Autoblog on Thu, 12 Nov 2020 08:14:00 EST. Please see our terms for use of feeds.

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