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Nissan Is At 'Rock Bottom'

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According to CNN, Nissan posted a big drop in profits and revenues Tuesday, underlining the bumpy road ahead as it tries to move on from the Carlos Ghosn era and fend off a merger proposal from its French partner Renault. The Japanese automaker said in a statement that operating profits plunged 45% to 318 billion yen ($2.9 billion) in the fiscal year that ended in March, . Revenue fell 3% to about 11.6 trillion yen ($105 billion), while vehicle sales were down 4.4% to 5.5 million.

Added on the 14/05/2019 10:29:03 - Copyright : Wochit

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