Overview
- Nissan forecasts a net loss of 700–750 billion yen ($4.9–5.3 billion) for fiscal year 2024-25, marking its largest annual loss to date.
- The loss stems from over 500 billion yen in asset impairments and more than 60 billion yen in restructuring costs across global operations.
- U.S. import tariffs on vehicles, which disproportionately impact Nissan due to its reliance on imported models, are expected to exacerbate financial challenges.
- Moody's and Fitch have downgraded Nissan's credit rating to junk, citing weak profitability, an aging product lineup, and declining sales in key markets like China and the U.S.
- CEO Ivan Espinosa, who assumed leadership in April, is focusing on job cuts, plant closures, and a revamped product strategy, including accelerated EV and hybrid launches, to stabilize the company.