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Feb 12, 2020 Report
Nissan could report first quarterly loss since March 2009

Nissan's global sales have slumped 8.3% versus the previous fiscal year

Nissan Motor Co may report its first quarterly loss in more than a decade on Thursday because of slumping sales, sources familiar with the company said, adding more pressure on efforts to rebuild the company after Carlos Ghosn's ouster. Deteriorating profits underscore the challenges facing Nissan, which is unwinding many of the expansionist strategies championed by ex-Chief Executive Officer and Chairman Ghosn by slashing jobs, production sites and product offerings to save cash and e

Reuters
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