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Scandal-hit Nissan sinks into losses as sales plummet

WorldNews Thursday, 13 February 2020 ()
Scandal-hit Nissan sinks into losses as sales plummetTOKYO (AP) — Nissan, reeling from a scandal over its former superstar executive Carlos Ghosn, sank into red ink in the latest quarter as its vehicle sales fell around the world, and the Japanese automaker slashed its profit forecast for the year. Nissan Motor Co. reported Thursday a loss of 26 billion yen ($237 million) for October-December, a reversal from the 70 billion yen profit recorded a year earlier. Quarterly sales slipped nearly 18% to 2.5 trillion yen ($23 billion), as Nissan's vehicle sales fell in Japan, the U.S., Europe and China. Chief Executive Makoto Uchida told reporters at Nissan's Yokohama headquarters that a turnaround plan was...
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News video: Nissan slashes profit forecast after sales slump

Nissan slashes profit forecast after sales slump 01:35

Nissan has cut its profit outlook for the year following a sharp fall in sales. Julian Satterthwaite reports.

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