TOKYO -- Nissan Motor on Thursday forecast a net loss of 615 billion yen ($5.8 billion) for the fiscal year through March, a slight upward revision from previous guidance, helped by an improvement in sales and the implementation of cost-cutting measures, but analysts said it still faces a long road to profitability.
Automobiles
Nissan trims annual loss forecast to $5.8bn as sales improve
Automaker still faces challenges while Toyota and Honda rake in profits
Nissan is shifting from the approach taken by former Chairman Carlos Ghosn, who focused on expanding Nissan's global market share. © Reuters
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