Nissan expects another net loss of over $6bn in FY2020

Automaker sees red for 2nd straight year as coronavirus hammers slumping sales

20200728 Nissan

Nissan sold 4.93 million cars in the latest fiscal year, down 11% from the previous year. (Photo by Kosuke Imamura)

ERI SUGIURA, Nikkei staff writer

TOKYO -- Nissan Motor expects a net loss of 670 billion yen ($6.4 billion) this fiscal year, the Japanese automaker said on Tuesday, following its massive 671 billion yen net loss in 2019, which marked the worst net loss in 20 years.

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