TOKYO -- Nissan Motor has posted a net loss of 671 billion yen ($6.2 billion) for the year ended in March as the new coronavirus outbreak devastated sales and the carmaker started a big restructuring to cut costs.
Automobiles
Nissan reports $6.2bn annual net loss, worst in 20 years
Carmaker deals with restructuring and turmoil from the coronavirus outbreak.
Nissan's annual loss for the 2019 fiscal year was driven by 603 billion yen of costs associated with restructuring and impairments. (Photo by Takaki Kashiwabara)
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