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International Business Times
International Business Times
Business

Nissan Forecasts Huge Annual Net Loss Of Up To $5.3 Bn

Nissan Honda Japan Tesla Inc.
Nissan is due to make its annual earnings announcement in mid-May (Credit: AFP)

Struggling Japanese auto giant Nissan issued a stark profit warning on Thursday, forecasting a huge loss of up to $5.3 billion in the 2024-25 financial year.

One of the top 10 automakers by unit sales, Nissan is heavily in debt, having trouble selling vehicles in the Chinese market, and like its peers faces a potential body blow from US President Donald Trump's vehicle tariffs.

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