The operating loss for the year to March will be 470 billion yen (US$4.5bil), compared with analysts’ average prediction for a 216 billion-yen loss and a 40.5 billion-yen loss in the prior year.
YOKOHAMA: Nissan Motor Co is forecasting a wider-than-projected operating loss for the current fiscal year, as the impact from the coronavirus pandemic forces the automaker to accelerate cost-cutting measures.
The operating loss for the year to March will be 470 billion yen (US$4.5bil), compared with analysts’ average prediction for a 216 billion-yen loss and a 40.5 billion-yen loss in the prior year.
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