Nissan Navigates Financial Storms: Revving Up for a Comeback

Japanese automaker Nissan reported a 115.8 billion yen loss for April-June but aims to regain profitability by year-end. The company is implementing a recovery strategy, led by Ivan Espinosa, involving cost cuts and strategic realignment. Despite challenges, some models like the N7 and Magnite are performing well.

Devdiscourse News Desk | Tokyo | Updated: 30-07-2025 16:33 IST | Created: 30-07-2025 16:33 IST

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Nissan Motor Corp. reported a staggering loss of 115.8 billion yen, approximately USD 782 million, for the April-June quarter. Despite the downturn, the Japanese automaker, renowned for the Leaf and Infiniti, assures it will return to profitability this year.

Former CEO Makoto Uchida stepped down after the disappointing fiscal results, and Ivan Espinosa, a seasoned Nissan executive, stepped in with a determined recovery plan. The strategy includes cost reductions, product realignment, and bolstering market strategy, aimed at reversing fortunes amid decreasing sales and negative exchange rates.

While Nissan recently canceled its joint venture talks with Honda Motor Co., it is closing its Oppama plant and reducing its global workforce by 15 percent. Nevertheless, the company sees brighter times ahead, with models like the N7 and Magnite seeing a surge in demand.

(With inputs from agencies.)