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Ghosn Issues Push Nissan To Worst Year Of The Decade

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YOKOHAMA (Reuters) - Nissan Motor Co forecast a 28% drop in its annual operating profit, setting it up for the weakest earnings in 11 years and underscoring its struggle to turn the page after the ouster of former Chairman Carlos Ghosn. REUTERS/Pierre Albouy/File Photo GLOBAL BUSINESS WEEK AHEAD The lackluster performance at Japan’s No.2 automaker, which has been hit hard by Ghosn’s arrest last year, adds to pressure on CEO Hiroto Saikawa as he tries to put aside the scandal and focus on overhauling corporate governance and giving Nissan a more equal footing with alliance partner Renault. Nissan forecast operating profit of 230 billion yen ($2.10 billion) for the year to March 2020, versus 318 billion yen in the year just ended.

Added on the 14/05/2019 06:30:37 - Copyright : Wochit

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