Nissan reports massive US$4.5b loss, confirms 20,000 job cuts

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TOKYO, May 13 — Japanese automaker Nissan posted a huge annual net loss of ¥671 billion (RM19.4 billion) on Tuesday whil...

The struggling firm did not issue a net profit forecast for the financial year that began in April but said it expected sales of ¥12.5 trillion.

TOKYO, May 13 — Japanese automaker Nissan posted a huge annual net loss of ¥671 billion (RM19.4 billion) on Tuesday while confirming reports that it planned to cut 20,000 jobs worldwide.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaJapan

Topics: Earnings Japan Automobiles Nissan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 16:16:04 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 60 words

Reading Time: 1 minutes read

Sentences: 27 lines

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Copyright Owner: © Malay Mail

News ID: 28667975

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