Nissan expecting operating losses of 'over £1.3bn'

CAR maker Nissan says it expects to report a global operating loss of more than £1.3bn (¥275bn) this year amid cost-cutting efforts and challenges including tariffs.

- TOM KEIGHLEY

The Japanese automotive giant pointed to "supply chain risks, foreign exchange volatility, tariffs and other external factors" as it gave fullyear guidance. Bosses said challenges continued as the firm pursues its Re:Nissan restructuring plan that aims to slash £2.4bn of costs and will cut 20,000 jobs globally, including 250 roles at its key Sunderland factory.

In an update on its global finances, Nissan said it expects to report £56.8bn (¥11.4trillion) revenue for the full year, compared with £62.8bn (¥12.6trillion) in 2024. The guidance includes expectations that Nissan will report an operating profit of £249m (¥50bn) for the three months to the end of September and a £149m (¥30bn) operating loss for the first six months of the year.