TOKYO -- Nissan Motor said Thursday it expects a net loss of 80 billion yen ($519 million) for the year through March. The carmaker will end in the red for the first time in four years due to sluggish sales and the heavy costs related to cutting jobs and production capacity.
Automobiles
Nissan expects to go into the red for first time in four years
Carmaker forecasts net loss of $519m on sluggish sales and restructuring cost
A Nissan showroom in Tokyo: The Japanese automaker has been struggling to boost sales in China and the U.S. (Photo by Yuichi Nitta)
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