Nissan reports net loss of about $780 mil. for April-June quarter
The struggling Japanese automaker also posted an operating loss of more than 79.1 billion yen.
Nissan cited a decline in sales, as well as the impact of the US administration's tariff measures, which it says amounts to 68.7 billion yen, as causes for its poor performance.
The firm also forecast an operating loss for the April to September period, predicting a loss of 180 billion yen.
Nissan President and CEO Ivan Espinosa told reporters on Wednesday that it is difficult at this point to make an accurate forecast about the impact of US tariffs as some conditions and the timing of when the tariffs will be imposed are unclear.
He added that once the new tariff rules become clear, the automaker will update the information accordingly.
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