Nissan Motor saw first-quarter profit almost completely wiped out Thursday and slashed its annual outlook, due to deep discounting in the U.S. shredding margins. https://www.japantimes.co.jp/business/2024/07/25/companies/nissan-porift-plunge/ #business #companies #nissan #stocks #makotouchida
Nissan sees Q1 profit wiped out by U.S. discounts, shares hammered

The automaker has cut its operating profit forecast for the financial year by 17% to ¥500 billion from ¥600 billion.

The Japan Times