Nissan committed to slashing production capacity by 20% after the Japanese carmaker revealed its first annual operating loss in more than a decade
Hong Kong Nissan committed on Thursday to slashing production capacity by 20% and closing a plant in Spain as part of a sweeping overhaul announced after the Japanese carmaker revealed its first annual operating loss in more than a decade.
The company posted an operating loss of 40.5 billion yen for its fiscal year ended in March, compared to an operating profit of 318 billion yen for its previous fiscal year. It was the company's worst performance since 2009.Renault and Nissan deepen their alliance in bid to survive the coronavirus crisisMore pain could be on the way.
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