Drive
Nissan reports $4.6 billion loss after closing seven factories
Executive Summary
Summary: Nissan reported a 533 billion yen loss (AUD$4.6 billion) for the last financial year after closing seven factories worldwide. The Japanese automaker expects to return to profitability by 2026, with anticipated net income of 20 billion yen, whilst planning 20,000 job cuts by 2027.
Brands mentioned: Nissan, Toyota, Mitsubishi
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Nissan reports $4.6 billion loss after closing seven factories
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