TOKYO -- Nissan Motor has posted a net loss of 671 billion yen ($6.2 billion) for the year ended in March as the new coronavirus outbreak devastated sales and the carmaker started a big restructuring to cut costs.
The annual financial result exceeds the company's net loss of 233 billion yen for the 12 months ending in March 2009, a year marked by the global financial crisis. It lost 684 billion yen in fiscal 1999 amid a restructuring plan initiated by former boss Carlos Ghosn.
