Nissan projects an annual loss as it drops its talks with Japan rival Honda
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.99/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19.95 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 13/02/2025 (407 days ago), so information in it may no longer be current.
TOKYO (AP) — Nissan’s April-December profit crashed to 5.1 billion yen ($33 million), a tiny fraction of the 325 billion yen the Japanese automaker earned the previous year.
Nine-month sales dropped less than 1% to 9.14 trillion yen ($59 billion). Nissan projected red ink of 80 billion yen ($519 million) for the full fiscal year through March.
Besides announcing the dismal results, Nissan Motor Corp. also announced Thursday it was dropping the talks it had started in December with Japanese rival Honda Motor Co. for a business integration.
Nissan Chief Executive Makoto Uchida told reporters the focus of the talks had changed from forming a joint holding company to making Nissan into a subsidiary of Honda.
He said that was unacceptable, although the efforts to realize “synergies through a strategic partnership” on electric vehicles and other research will continue.
He said Nissan will try to achieve a turnaround without Honda, while being open to various options, and that a detailed plan will be outlined within a month. Nissan has said announced it will trim its operations, including closing lines, perhaps entire plants, while slashing 9,000 jobs.