Nissan cuts profit forecast after 70 percent quarterly plunge

Nissan cuts profit forecast after 70 percent quarterly plunge

Nissan Motor reported a 70% drop in quarterly profit on Tuesday and cut its full-year forecast to an 11-year low. Following the ouster of former chairman Ghosn almost a year ago, Nissan has been battered by falling profit, uncertainty over its future leadership and tensions with top shareholder.

KCooper
KCooper
Paul C
Paul C 3 months

"Slowing demand for cars in the United States and China" -- that's why their stock is plummeting. Who cares who the CEO is?!

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