Nissan faces prospect of more losses after steep write-downs

With sales slumping, further factory closures may be needed

20250424N Nissan

From left to right, Nissan Motor's former CEOs Carlos Ghosn, Hiroto Saikawa and Makoto Uchida, and current CEO Ivan Espinosa. (Nikkei montage)

SHUHEI OCHIAI, SHOYA OKINAGA and RYOSUKE HANADA

TOKYO -- Nissan Motor will take more than 560 billion yen ($3.93 billion) in write-downs and other charges, but the bloodletting is unlikely to cure the automaker, which market watchers say needs more drastic measures.

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