Nissan Sees Losses on Restructuring, Seeks Ties Beyond Honda
This article is for subscribers only.
Nissan Motor Co. is bracing for sizable losses this fiscal year, and outlined details of a restructuring, as it tries to rebuild its struggling business without the help of Honda Motor Co. now that the two automakers have formally ended negotiations to combine.
Nissan forecast a net loss of ¥80 billion ($519 million) for the year ending March 31, it said Thursday, compared with analyst estimates for ¥278 billion. It also lowered its annual operating income outlook to ¥120 billion from ¥150 billion, which was already a major downgrade from its starting guidance of ¥500 billion.