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Nissan Is At 'Rock Bottom'

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Nissan Is At 'Rock Bottom'

Nissan Is At 'Rock Bottom'

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.

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Nissan Is At 'Rock Bottom'

MAY 11, 2012, FILE PHOTO MACH 12, 2019, FILE PHOTO JAN.

9, 2017 FILE PHOTO, RETRANSMISSION WITH NEW SLUG APRIL 8, 2019




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