, Nissan to brave $4.5 billion annual net loss as pandemic hits restructuring plans
Nissan Motor Co. is struggling with slumping new car sales amid the novel coronavirus pandemic. The Japanese automaker announced on Tuesday it expects to make an annual operating loss for a second straight year. It issued forecast for the full fiscal year ending March 2021, saying it expects revenue of ¥7.8 trillion ($74 billion) – down 21% – and a net loss of ¥670 billion ($6.4 billion).
