this post was submitted on 25 Apr 2025
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Automotive Industry

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Nissan forecasts huge annual net loss of up to US$5.3 billion (www.channelnewsasia.com)
submitted 1 month ago by schizoidman@lemm.ee to c/automotive@discuss.tchncs.de
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[โ€“] Pistcow@lemm.ee 5 points 1 month ago (1 children)

So I am to assume that means their stock went up 15%?

[โ€“] Bldck@beehaw.org 2 points 1 month 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".