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Nissan, Mitsubishi Motors Log Massive Annual Losses

Nissan, Mitsubishi Motors Log Massive Annual Losses

   Tokyo, May 11 (Jiji Press)--Major Japanese automakers Nissan Motor Co. <7201> and Mitsubishi Motors Corp. <7211> on Tuesday reported massive net losses for the year that ended in March, battered by sluggish sales amid the coronavirus pandemic.
   Nissan logged a consolidated net loss of 448,697 million yen, still better than the previous year's net loss of 671,216 million yen. It also booked an operating loss of 150,651 million yen, against the previous year's 40,469 million yen in loss, on sales of 7,862,572 million yen, down 20.4 pct from the previous year.

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AFP-JIJI PRESS NEWS JOURNAL


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