ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Nissan slashes profit outlook as North American sales stall

New CFO says incentives for US dealers will be lowered

Stephen Ma, Nissan Corporate Vice President, speaks at financial results briefing. (Photo by Kei Higuchi)

TOKYO -- Nissan Motor on Tuesday lowered its net profit forecast for the full year through March 2020 to 110 billion yen ($1 billion), down 66% from the previous year and the lowest since fiscal 2009, the carmaker said Tuesday. 

Its latest outlook is down 35% from its previous forecast in May. The Japanese carmaker continues to struggle, as demonstrated by its continued lackluster sales in North America and emerging markets.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more