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Nissan warns of record loss as pandemic hits turnaround
https://www.reuters.com/article/us-nissan-results/nissan-warns-of-record-loss-as-pandemic-hits-turnaround-idUSKCN24T0YT
https://www.reuters.com/article/us-nissan-results/nissan-warns-of-record-loss-as-pandemic-hits-turnaround-idUSKCN24T0YT
:shock:the virus pandemic and associated plunge in demand has taken a heavy toll on the car industry, with Nissan reporting a second straight quarter of operating losses on Tuesday.
The company forecast an operating loss of 470 billion yen ($4.5 billion) for the year to March 2021, much larger than analysts’ consensus estimate for a 262.8 billion yen loss, according to Refinitiv data. That would be the second annual loss in a row.