Tokyo, Japanese automaker Nissan sank into a 115.8 billion yen loss for April-June, but promised Wednesday to return to profitability later this year.
Nissan Motor Corp. did not give a full-year net profit forecast. It recorded a 28.6 billion yen profit during the April-June quarter last year.
Quarterly sales for the current fiscal year slipped nearly 10 per cent to 2.7 trillion yen .
The maker of the Leaf electric car and Infiniti luxury models said the results were better than expected.
But it faces “headwinds,” including declining sales, unfavourable exchange rates and President Donald Trump’s tariffs.
Ivan Espinosa, who took the helm at Nissan in April, replacing Makoto Uchida, said the company’s recovery plan remained urgent….
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