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Nissan faces £4bn losses as profits fall, costs increase and Trump tariffs loom
The Guardian
|April 25, 2025
Nissan says it expects to lose as much as £4bn this year because a turnaround plan will be more costly than the carmaker had expected.
The loss at Japan's third-largest car company is almost 10 times the figure it had previously guided.
Nissan has been struggling for several years with leadership turmoil and falling profits. Its latest efforts to turn around the business include deep cost cuts, but come as the car industry faces uncertainty over the direct and indirect effects of Donald Trump's tariffs.
Nissan said it expected lower sales this year of 3.35m, down from 5m in 2019, blaming "changes in the competitive environment and deterioration in sales". The company did not explicitly blame tariffs.
Dit verhaal komt uit de April 25, 2025-editie van The Guardian.
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