Nissan posts $782m loss in April-June; 4th straight quarter in red
YUICHI SHIGA
YOKOHAMA, Japan -- Nissan Motor on Wednesday reported a net loss of 115.7 billion yen ($782 million) for the April-June fiscal first quarter, as the Japanese automaker continues its restructuring drive while grappling with a 25% automotive tariff imposed by U.S. President Donald Trump in April.
The result marks the fourth straight quarter of losses for the company and compares with a profit of 28.5 billion yen the previous year. Sales for the quarter totaled 2.7 trillion yen, down 9.7%.
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