TOKYO: Struggling Japanese auto giant Nissan issued a stark profit warning on Thursday (Apr 24), forecasting a huge loss of up to US$5.3 billion in the 2024 to 2025 financial year. One of the top 10 automakers by unit sales, Nissan is heavily in debt, having trouble selling vehicles in the Chinese market,
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    16 days ago

    Nissan’s shares have shed more than 40 per cent of their value over the past year, and in March, the company’s then-CEO Makoto Uchida said he was stepping down.

    Meanwhile ratings agencies have cut Nissan’s credit rating to junk, with Moody’s citing “weak profitability driven by slowing demand for its ageing model portfolio”.