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Nissan Forecasts $1.38 Billion Loss for Fiscal Year's First Quarter
1 day ago /
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Author：小编
During the Nissan shareholders' meeting, a wave of discontent surged among attendees regarding the company's performance. The newly appointed CEO, Espinosa, finds himself at the helm of a company in need of a dramatic turnaround. Nissan's share price has plummeted by 36%, marking a $4.5 billion loss in the previous fiscal year, which has led to the suspension of dividend payments. For the current fiscal year's first quarter, the company anticipates incurring a loss of 200 billion yen (approximately $1.38 billion). In an effort to rectify the situation, Espinosa has outlined plans to shutter seven factories and implement layoffs affecting 20,000 employees.
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