Particle.news
Download on the App Store
11 ARTICLES
·
3d ago

Nissan Projects Record $5.3 Billion Loss as Restructuring Intensifies

The automaker cites massive asset impairments, restructuring costs, and U.S. import tariffs as key factors driving its largest-ever annual loss.

Image
The Nissan logo is displayed, at the 46th Bangkok International Motor Show in Bangkok, Thailand, March 24, 2025. REUTERS/Chalinee Thirasupa/File Photo
Ivan Espinosa, who will become the chief executive at Japanese automaker Nissan in April, speaks to reporters at the Nissan Technical Center in Atsugi, Japan, Wednesday, March 25, 2025. (AP Photo/Yuri Kageyama)
The road ahead looks treacherous for Nissan after the Japanese auto giant predicted an enormous loss just as US President Donald Trump's tariffs on car imports hit the industry

Overview

  • Nissan forecasts a net loss of 700–750 billion yen ($4.9–$5.3 billion) for the 2024-25 fiscal year, marking the largest in its history.
  • Over 500 billion yen in asset writedowns and more than 60 billion yen in restructuring costs are the primary contributors to the projected loss.
  • Annual vehicle sales are expected to decline to 3.35 million units, significantly below pre-pandemic levels and earlier projections.
  • U.S. import tariffs of 25% are projected to cost Nissan up to 440 billion yen, impacting nearly half of its U.S. imports.
  • Despite the challenges, CEO Ivan Espinosa highlights 3.4 trillion yen in liquidity and a refreshed product pipeline as foundations for recovery.