Nissan Warns of $1.8 Billion Full-Year Loss, Challenges Ahead

Nissan Motor Co. said it expects a full-year operating loss of ¥275 billion ($1.8 billion) as the embattled carmaker embarks on a cost-cutting spree in an effort to rescue its...

By Nicholas Takahashi · Bloomberg

Nissan Motor Co. said it expects a full-year operating loss of ¥275 billion ($1.8 billion) as the embattled carmaker embarks on a cost-cutting spree in an effort to rescue its deteriorating financial position.