YOKOHAMA, Japan -- Nissan Motor on Wednesday reported a net loss of 115.7 billion yen ($782 million) for the April-June fiscal first quarter, as the Japanese automaker continues its restructuring drive while grappling with a 25% automotive tariff imposed by U.S. President Donald Trump in April.
Automobiles
Nissan posts $782m loss in April-June; 4th straight quarter in red
Embattled automaker touts progress in cost reduction however
Nissan President and CEO Ivan Espinosa speaks during a news conference in Yokohama, Japan, on July 30. (Photo by Yutaka Miyaguchi)
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