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Nissan expects $4.5 billion loss as global sales decline 48%

2 mins read

The FINANCIAL — Nissan Motor Co., Ltd. today announced financial results for the three months ended June 30, 2020, and the outlook for fiscal year 2020. In the first quarter of the fiscal year, global industrywide auto sales fell by almost half amid the COVID-19 pandemic. Global total industry volume in the first quarter fell 44.5% from a year earlier to 12.49 million vehicles. Also, Nissan Motor and Nissan Motorsports International have decided to cancel this year’s NISMO Festival. Nissan said on Tuesday that it expected to make an annual operating loss of $4.5 billion in fiscal year 2020 as the coronavirus pandemic puts…

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Nissan expects $4.5 billion loss as global sales decline 48%

2 mins read

The FINANCIAL — Nissan Motor Co., Ltd. today announced financial results for the three months ended June 30, 2020, and the outlook for fiscal year 2020. In the first quarter of the fiscal year, global industrywide auto sales fell by almost half amid the COVID-19 pandemic. Global total industry volume in the first quarter fell 44.5% from a…