Quartz·2 min read·medium
Nissan posted a net loss and cut its sales forecast as China slump deepens
✦AI Summary
Nissan has reported a net loss and reduced its fiscal-year sales forecast to between 2.97 million and 3 million vehicles. This marks the company's second downward revision since August, driven primarily by a deepening slump in the Chinese market.
Why it matters
The struggle of major automakers in China reflects broader challenges for legacy manufacturers facing intense competition and shifting consumer demand.
The automaker lowered its fiscal-year volume target to 2.97 million-3…
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