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.

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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.