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

RSS Reader · 11-12-2020, 07:56 AM

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.

Permalink | Email this | Comments

More...

11-12-2020, 07:56 AM	#1
RSS Reader Senior Member Join Date: Feb 2009 Posts: 93,985 Tweet	Nissan cuts its forecast for losses, helped by restructuring efforts Filed under: Auto News,Earnings/Financials,Nissan 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. Permalink \| Email this \| Comments More...