Nissan logs $6.2 billion annual net loss after 11 years

Nissan logs $6.2 billion annual net loss, first since 2009

Crisis-hit Japanese automaker Nissan on Thursday reported a $6.2 billion annual net loss, its first in over a decade, as it struggles with weak demand and the impact of the coronavirus pandemic.

For latest updates on coronavirus outbreak, click here

Nissan, which has also been hit by the fallout from the arrest of former boss Carlos Ghosn, said it logged a net loss of 671.2 billion yen ($6.2 billion) for the year to March, compared with the net profit of 319.1 billion yen a year earlier.

Get a round-up of the day's top stories in your inbox

Check out all newsletters

Get a round-up of the day's top stories in your inbox